I think there is a big diff in TWE vs US wine companies - no least the foothold that TWE is gaining in China over and above most US companies.
TWE mjor focus is China whilst they are trying to grow the US business over time it will become an increasingly relative smaller component. Sure as EOFY approaches you will get the usual portfolio adjustments amd tax plays but I would be surprised if this stock is not over $20 by 12/17.
On a comparative basis there isnt that many better stocks around at moment in OZ which on a LT basis look so good. But of course after a good run people may think a little breather maybe in order but the fundamentals are just way to strong and insto holdings are growing to support.
If this stock was to get shorted in any meaningful way I will buy an absolute truck load.
TWE Price at posting:
$13.53 Sentiment: Buy Disclosure: Held
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