$54 million - Pernod - and beyond
Rechecked again currently. Pernod market cap right now is $41 billion EUROS and is forward PE is now 124 as it is having a tough year earnings wise, though its stock as near an all time high (Stock sellling at $193 US dollars per share).
Autofocus - the info you sent on your last post was from October 2019. This is Penrod currently today:
BRIEF: For the fiscal year ended 30 June 2020, PernodRicard SA revenues decreased 8% toEUR8.45B. Net incomeapplicable to common stockholders excluding extraordinaryitems decreased77% to EUR332M. Revenues reflect Asia/Restof World segment decrease of 41% to EUR3.47B,Europesegment decrease of 40% to EUR2.53B. Net income alsoreflects Impairment of IntangiblesExcl Goodwill increasefrom EUR69M to EUR912M (expense).
Pernod Ricard SA (OTCMKTS:PDRDY) – Analysts at Jefferies Financial Group raised their FY2022 EPS estimates for Pernod Ricard in a note issued to investors on Monday, January 4th. Jefferies Financial Group analyst E. Mundy now anticipates that the company will post earnings of $1.48 per share for the year, up from their previous estimate of $1.38. Jefferies Financial Group currently has a “Buy” rating on the stock. Jefferies Financial Group also issued estimates for Pernod Ricard’s FY2023 earnings at $1.58 EPS
Imagine that - making $1.58 per share US -- wonderful earnings! - and you can buy that stock for $193 US. Jefggeries Financial has it as a buy. Imagine if Pernod could make another 10 cents?
Compare the would be parent -- Pernod - who now controls Corbythrough Hiram Walker but only owns less than 50% of the stocki so it cannot consolidate Corbys earnings on its own income statement -- and what do you see?. There is no comparison. Absorbing Corby into Pernod would help PERNOD 's bottom line and income, and financial ratios immensely. Aside from the fact that the Wiser brand is growing - especially internationally. Remember - Corby gets a PE ratio fo 17 - Pernod historically gets a PE ratio near 40 but right now is above 100. So if Corby/'s earnings went to Pernod, and were reported with Pernod's PE ratio - what would the big boy bankers and analysys say then?
We will know for sure the next earnings statement.....as if it is anything near last quarters, then we know.
Right now, Pernod is buying up global brands investing in Mescal makers, other global "exotics". People with money globally are going to be drinking a lot of stuff they never even before heard or tried before - and maybe they will like it. These drinks are going to become internationalized. Wiser will be internationalized - not just for Canadians. Look at the international growth
I am falling in love with Corby and it is now my largest position and I know romance can become expensive - but the difference in evaluations is utterly absurd. Right now only individual investors can buy Corby stock as its trade volume is so thin - so it is COMPLKETELY off the screens of all institutions - but I will continue to buy. This is the one and only time where small fry can come in and the big boys can't -- AND THE VALUE HERE IS EXTREME.
I consider Corby the best buy in the entire stock market presently. I am ALL IN on Corby right now. Bought some more stock today in 100 share lots.
I delayed posting this so I coluld buy another 400 shares earlier today.
So now you know.