Where Do Diageo and Cuervo go From Here?

Dear Client:Earlier this morning we reported that Diageo and Jose Cuervo will be parting ways at the end of June when the companies' distribution agreement ends. This decision has opened the floodgates on speculation about Diageo's next move. In a conference call with analysts this morning, Diageo North America president Larry Schwartz addressed a few of these topics and speculations. "The truth of the matter is we're No. 1 in ten categories in North America. That will be the goal,