TWE 8.23% $11.97 treasury wine estates limited

Strong buy for twe, page-8

  1. 11,679 Posts.
    lightbulb Created with Sketch. 388
    Yup. And it could get a lot worse before it gets better. Wine is a competitive industry with a weak moat. Treasury is high quality but isn't trading cheaply. A sub 20 earnings multiple would be nice.
 
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