they are making an assumption of China tariffs going so obviously want to build the business there again, so holding back higher end/higher margin wines. I’m assuming tariffs will go too, and that’ll likely rerate the stock too given it can build a business again that makes a couple hundred million a year on top of its existing business. Remember… they’ve already managed to deploy the old China destined wines to other countries. To me this suggests this stock could be a very high growth stock again.
TWE Price at posting:
$11.50 Sentiment: Buy Disclosure: Held
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