I too like MGW and bought in during recent weakness.
It is one of the lowest cost wine producers in the country and looks set to emerge as a front runner as the Aussie wine industry undergoes further supply / demand rationalisation.
The dividend yield is strong and MGW could itself end up as a t/o target.
Once the merger is fully bedded down I would expect growth to continue strongly.
The recent weakness was / is a buying opportunity.
Directors have been buying the stock.
The "Inside Trader" has it as a buy ... Huntleys is positive on the stock and it is rated favourably by most analysts.
MGW Price at posting:
0.0¢ Sentiment: None Disclosure: Held
