Andrew Peller Ltd T.ADW.A

Alternate Symbol(s): T.ADW.B | ADWPF

Consumer Defensive Beverages - Wineries & Distilleries

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 brands include Peller Estates, Trius, Thirty Bench, Wayne Gretzky, Sandhill, Red Rooster, Black Hills Estate Winery, Tinhorn Creek Vineyards, Gray Monk Estate Winery, Raven Conspiracy and Conviction. It imports wines from various wine regions around the world to blend with domestic wine to craft these products. It also produces craft beverage alcohol products, including No Boats on Sunday ciders and seltzers, and various spirits and cream whisky products under the Wayne Gretzky No. 99 brand. It produces and markets premium personal winemaking products through its subsidiary, Global Vintners Inc.

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Andrew Peller Ltd > Interest rates are a big deal for Peller. Q2

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Comment by johnathamiltonon Nov 10, 2022 11:17am

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Post# 35088531

RE:RE:RE:Interest rates are a big deal for Peller. Q2

I think there will be a dividend cut next year. This company has demonstrated an unwillingness to bring its bloated SG&A into line and will instead pass on the cost to the shareholders.

Note that there was extensive insider selling in October prior to the release of the poor earnings report. I cannot for the life of me understand why this is allowed in Canada. There should be no insider selling allowed between the end of the quarter and when the quarterly reports are published.

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