Hey NeilN,
I agree with Blythe, there is no such thing as too cheap. There is a lot to like about this stock though, I'm always particularly impressed by the management, they didn't lose a dollar in handling the Evans & Tate collapse. Those vinyards are now rented out to Fosters. Also, the restating of dividend would have done a lot to reassure fears.
A good share to go long and go to sleep for a year. The dividend beats cash and I can't see the prices staying this low forever...in the meantime just enjoy the 20%+ yield!
IC
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