Corby Spirit and Wine Ltd T.CSW.A

Alternate Symbol(s): T.CSW.B | CBYDF | CRBBF

Consumer Defensive Beverages - Wineries & Distilleries

Corby Spirit and Wine Limited is a Canadian company, which is a manufacturer, marketer, and distributor of spirits, wines and ready-to-drink beverages. The Company operates through two segments: Case Goods and Commissions. The Case Goods segment includes the production and distribution of its owned beverage alcohol brands. The Commissions segment includes non-owned beverage alcohol brands in Canada. Its portfolio of owned brands includes J.P. Wiser's, Lot 40, and Pike Creek Canadian whiskies, Lamb's rum, Polar Ice vodka and McGuinness liqueurs, as well as the Ungava gin, Cabot Trail maple-based liqueurs and Chic Choc spiced rum, and Foreign Affair wines. It represents international brands, such as ABSOLUT vodka, Chivas Regal, The Glenlivet and Ballantine's Scotch whiskies, Jameson Irish whiskey, Beefeater gin, Malibu rum, Kahlua liqueur, Mumm champagne, and Jacob's Creek, Wyndham Estate, Stoneleigh, Campo Viejo, Kenwood wines, and Nude.

TSX:CSW.A - Post by User

Corby Spirit and Wine Ltd > $54 million

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Comment by schocoron Jan 11, 2021 1:53pm

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Post# 32268264

RE:$54 million

I thought the timing of the $54M - 5 year contract with PR was good; it seems to have been negotiated prior to the 15-20% increase in drinking that COVID has resulted in so I think this is good for Corby shareholders...provided this boozy new trend persists. It also seems like a fair price to represent some popular brands for the next 5 years. I bought this stock for yield - so if Corby DOESNT get bought out in 2021, I am happy about that, but if PR can borrow at 1% and pay itself a big piece of the transaction costs (~$500M) that would not be a surprise.

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