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Bullboard - Stock Discussion Forum Andrew Peller Ltd T.ADW.A

Alternate Symbol(s):  T.ADW.B | ADWPF

Andrew Peller Limited is a producer and marketer of wines and craft beverage alcohol products in Canada. With wineries in British Columbia, Ontario and Nova Scotia, the Company markets wines produced from grapes grown in Ontario’s Niagara Peninsula, British Columbia's Okanagan and Similkameen Valleys, and from vineyards around the world. Its premium and ultra-premium Vintners' Quality Alliance... see more

Bullboard (TSX:ADW.A)

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Comment by TheCount11on May 25, 2023 6:50am

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:LEADERSHIP LEAVING PELLER

Haha I have absolutely no clue what the interest rate is for this year...  Interest was $5,273 for last quarter.  This includes lease "interest".   Note 11 Long-term ...more  
Comment by johnathamiltonon May 24, 2023 3:56pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:LEADERSHIP LEAVING PELLER

I believe that their cost of debt is closer to 10% - don't recall where I read that.  Just feels to me that they are a lot of dollars in this company that could be better spent. It's also ...more  
Comment by TheCount11on May 24, 2023 2:35pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:LEADERSHIP LEAVING PELLER

I agree that there is a lot of 'embedded value' in their hard assets.  I also think they have done a great job of creating the Niagara experience using their hard assets. Unfortunately ...more  
Comment by Stonksonlyup90on May 24, 2023 1:25pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:LEADERSHIP LEAVING PELLER

There is a lot of 'embedded value' in their hard assets.. if they ever truly ran into trouble they could sell assets (although I think ownership has too much pride to admit when they are wrong ...more  
Comment by TheCount11on May 24, 2023 12:53pm

RE:RE:RE:RE:RE:RE:RE:RE:LEADERSHIP LEAVING PELLER

Given its a winery how quickly are they going to reduce inventory when they need to raise wine prices?  Unfortunately no easy wins.  Reducing inventory will be an accomplishment.  ...more  
Comment by Stonksonlyup90on May 24, 2023 11:45am

RE:RE:RE:RE:RE:RE:RE:LEADERSHIP LEAVING PELLER

They need to get their working capital in order, reduce inventory on hand and you have an instant "win" against your debt levels and interest savings.
Comment by TheCount11on May 24, 2023 9:59am

RE:RE:RE:RE:RE:RE:LEADERSHIP LEAVING PELLER

Agreed.  Stock just hit another 52w low.  Seems like investors are waking up to risk vs reward.  Given debt is almost $200M an extra 4% interest is $8M to debt holders. EBIT of 2% is ...more  
Comment by johnathamiltonon May 24, 2023 9:27am

RE:RE:RE:RE:RE:LEADERSHIP LEAVING PELLER

"now" taking a bigger bite.....sigh.... should have done better proof reading. 
Comment by johnathamiltonon May 19, 2023 4:34pm

RE:RE:RE:RE:LEADERSHIP LEAVING PELLER

Don't forget interest rates are not taking a bigger bite of the cash flow too. 
Comment by TheCount11on May 15, 2023 11:07am

RE:RE:RE:LEADERSHIP LEAVING PELLER

Wonder how quickly SG&A can be brought down given YTD ending Dec 31st  Raw Materials and Consumables were up 8.3% Compensation was up 8.3% Repairs and Maintenance was up 6.7% I think it ...more  
Comment by johnathamiltonon May 15, 2023 9:50am

RE:RE:LEADERSHIP LEAVING PELLER

Agreed. The dividend has become unustainable. Fortunately, I am sitting on "free" shares but capital is capital, and the ownership of this company has destroyed a lot of it. Hopefully, these ...more  
Comment by TheCount11on May 12, 2023 2:28pm

RE:LEADERSHIP LEAVING PELLER

Agreed.  When does the dividend get cut?
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