In this edition of Motley Fool Conversations, David Kuo welcomes Elissa Bayer, asset manager at Williams de Broe. They debate dividends, chew over cash, and ponder the prospects for three of Elissa's favorite stocks: AppleBritish American Tobacco, and GlaxoSmithKline, with a few kind words thrown in for Diageo and SABMiller.

Investing is by no means easy in today's uncertain economy. That's why we've published "Top Sectors of 2012" -- our guide to three favorable industries. This free report will be dispatched immediately to your inbox.

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