Diamond Estates Wines & Spirit Inc V.DWS

Very Strong Bearish Evidence

[88guy88]

short term....RSI is 34.27 and support is still at 38 cents.....hard to know what the next quarter will bring.....markets still climbing a wall of worry.....wine is a competative market and has a lot of options for consumers....they needs to increase margins which means price increases and with threat of recession always looming around the corner and the government giving "grocery rebate checks in July"...shows that consumers are strapped for money for basics....lets hope the company controlled expenses and is lean and mean....will see how it all plays out!

[holmian]

That (controlled expenses, lean/mean) would require a smart, strategic CEO, which they ain't got.

[88guy88]

The CEO needs to do something....drive sales or control expenses.....saw on BNN this morning that Sleep Country sales are way down and they say its " lack of consumer spending"  duh! Discretionary spending on wine is likely down too....people are just trying to have enough money to buy groceries The only time people are spending is when they travel and have saved for it. 

[screamer99]

The funds they received from the government's wine sector support program will help them recover losses they would have otherwise incurred on a seasonal basis. Just delaying the inevitable. Get out while you can, IMHO.