Wonder if the counterfeiters are going for the jugular and filling with $2 wine, or if they are putting something higher quality that makes it a bit more difficult to work out?
TWE got downgraded, have not seen details, but I wonder if any analysts out there share my suspicions that TWE might be reducing wine quality to up profits short term, with the costs down so much. I'll be watching reviews of wines from the latest vintage carefully. I may be wrong, but my spidey senses are tingling.
Shorted today for a quickie - not suicidal enough for hold shorts for long while the market is believing - who knows - maybe TWE have suddenly found a great way to cut costs and maintain quality.
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