Corby Spirit and Wine Ltd CRBBF

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

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.

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Corby Spirit and Wine Ltd > Pernod gets free money

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Post by CaptainBigDaddyon Oct 05, 2021 1:36pm

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Post# 33967729

Pernod gets free money

Pernod just borrowed 500 million Euros for 8 years at an interest rate of 1/8 of 1 % per annum --
.125% annual interest. Free money.

I have an idea. Why don't they use some of this free long term money to buy out the rest of the stock of Corby - which throws off cash? Makes sense to me. Trade free money for 5% cash return on an ultra clean balance sheet company.

Just thinking out loud here. I am thinking about sending Nick and email on this.

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