In today's edition of 1 Dividend to Buy, 1 Dividend to Sell, analysts Austin Smith and Andrew Tonner size up Diageo (NYSE: DEO) and Windstream (NYSE: WIN). Austin gives Diageo a buy rating and Andrew rates Windstream a sell. 

Diageo can be characterized as a best-of-breed operator, with superior margins and an impressive product portfolio. The company has consistently stood out as a great company in the alcoholic beverage space. While they almost never go on sale and trade for a discount, those investors that bite the bullet and pay what appears to be a premium multiple are rarely disappointed. 

Andrew cautions against the tantalizingly high yield found at Windstream because the company is a poster child for the dying wireline industry. Andrew believes that wireline companies will increasingly become more irrelevant as wireless proliferation continues.

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This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.