If you hold TWE you must look at the AVG (Australian Vintage) results and small PE ratio due to it's debt.
All this talk of Chinese buying TWE has over inflated the share price in my mind. Why would you buy TWE for billions of dollars when you can buy AVG the worlds best wine company 3 of the past 4 years for about $200,000,000????
TWE has great brands but if you compare the 2 companies AVG is a way better investment in my view.
Makes a great profit, low PE and high dividend yield, 30% lease discount going forward saving $5,000,000 PA going straight to bottom line profit.
For TWE's market cap the profit is tiny compared to AVG.
Do yourself a favour and read up on AVG if i were a Chinese company looking to take over an Australian wine company you can't go past AVG.
Either way both companies need AUD to weaken and wine glut is coming under control, wine future is looking good.
TWE Price at posting:
$4.77 Sentiment: Hold Disclosure: Not Held
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