Corby Spirit and Wine Ltd T.CSW.A

1 hour loan roadshow presentation on website

[CaptainBigDaddy]

Just watched the 1 hour loan corby roadshow presentation on the website (link below) --
and nobody can fault Pernod about hiding the ball on what a great, great company
Corby is. I will say this about Pernod  and its managers - they have the highest ethics. I congratulate them on this. There is hope for humanity here - and yes, I am still buying almost every day at these levels. Too bad none of the managers can buy this  stock themselves at this point in time. The cash flow on this company is almost double the reported earnings - with the annual amortization of the marketing fees paid to Pernod.  The new $54 million marketing fee will be paid to Pernod in September of this year -- so I expect some further breaking news thereafter.


Virtual Non-Deal Roadshow: TSX: CSW.A | CSW.B - Feb 19, 2021 | Renmark Financial Communications

[autofocus111]

Good video thanks. On the topic of growth I see M&A (maybe buy a micro-distiller or two), exports (expanded US market presence) and new products (premium segment and maybe low alcohol or even THC/CBD eventually) as avenues to explore. The CEO stressed they won't overpay on any acquisition. As far as what moves PR does with this company though...I think they are satisfied with the status

[CaptainBigDaddy]

Autofocus - I think you are missing the big picture: (1) Corby's net after tax earnings are/will be  $1.08 per year (up from .94 from prior years)  their current cash flow is much higher - maybe $1.50 per share; (2) they pay $.84 in dividends, which is 5% + yield on the stock price; (3) their brands are growing (except for Polar Ice, which is largely a vodka on premises bar brand)

[schocor]

Good discussions, views and observations. I will have to check out that video. I bought earlier this year for the yield, but I am also expecting Perond to acquire the whole company... at some time. I get my "wiskey dividend" tomorrow!! I take a trip to the liquor store to try a new Corby product when I get this dividend. I think I will be trying the 18 year old version of the Wisers this