RE:RE:RE:RE:RE:RE:RE:RE:RE:Should dual class shares be eliminated?Haha thank you thats very kind. I would say we are equals. You pointed out many times how GA expenses were too high. IMO executive compensation has been too high for such long term poor performance. The $4M retirement bonus is just the cherry on top.
From CC
"I've pointed out to people you hear Warren Buffett, often speaking that he likes to invest in businesses that he feels have protective moats around them to support their growth and competitiveness going forward. He's really talking about the factors that allow businesses to have long-term competitive, sustainable advantages. And our recent performance demonstrates that, that's exactly what we have going for us.
We have an impressive portfolio of assets that we've built up over the last 50 years that include vineyards and real estate, production facilities, equipment and has been commonly reported.
You note those values are significantly -- just the asset values are significantly in excess of our current share price." Mr Peller.
If the assets are great, which they are, maybe the discount has to do with management? Has Management made the assets very profitable for shareholders?
What has been the Return On Invested Capital?
I am fairly confident a random business person who has no experience in the wine business would have had similar or better results over the last 5 years.