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Disclosure Insight Report: Diageo plc (DEO)
The Unusual Steps Taken By Diageo Management to Hide SEC Investigations From Investors
Make no mistake: Diageo management is actively, deliberately, and repeatedly taking measures to keep investors in the dark regarding its SEC probes.
When it comes to playing Disclosure Games™, Diageo is doing things we rarely see. In our opinion, the combination of tactics deployed by Diageo management to avoid accountability with investors on SEC matters takes evasion to a whole new level.
We believe this adds both uncertainly and risk not currently discounted into the Diageo shares.
We refer to a company as playing Disclosure Games when it engages in disclosure practices that are potentially misleading, evasive, or otherwise lacking the transparency needed for investors to make well-informed investment decisions.
Disclosure Insight™ reports provide commentary and analysis on public company interactions with investors and with the SEC. To access the full report, simply click on the PDF posted or click here. (Registration required)
Notes: The SEC did not disclose the details on investigations referenced above. The SEC reminds us that its assertion of the law enforcement exemption should not be construed as an indication by the Commission or its staff that any violations of law have occurred with respect to any person, entity, or security. New SEC investigative activity could theoretically begin or end after the date covered by this latest information which would not be reflected here.