$Endeavour Group Limited(EDV.AU)$ owns Australia's largest chain of retail liquor stores through their well known brands Dan Murphy's and BWS. Endeavour Group also owns 330 hotels, pubs providing on premise bars, food, electronic gaming, wagering, live entertainment and accommodation.
Endeavour Group is a market leader in liquor retailing through its extensive outlets, taking up 50% of the market share. It also has an excellent purchasing power and extensive distribution network.
I am bullish on $Endeavour Group Limited(EDV.AU)$ as it has a wide moat, is profitable and a healthy balance sheet. It also pays steady dividends. The current dividend yield with franking credits is 3.8%.
$Endeavour Group Limited(EDV.AU)$ is a defensive play in volatile times as demand for both liquor and gaming revenue is relatively insensitive to price or economic cycles.
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