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Andrew Peller Ltd T.ADW.A

Alternate Symbol(s):  ADWPF | T.ADW.B

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.


TSX:ADW.A - Post by User

Andrew Peller Ltd > Should dual class shares be eliminated?
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Comment by TheCount11on Feb 15, 2024 10:50pm
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Post# 35883429

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Should dual class shares be eliminated?

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Should dual class shares be eliminated?You had this figured out last year!  I could write from memory but I will quote you

Ordinarily, this would be an opportunity of a lifetime, but the history of management for Peller has been dismal. An inability to retain talent, poor decisions on currency exchange, a leveraged balance sheet and bloated SG&A means that there is a fundamental problem with the company. Perhaps it really is that wineries cannot make money in this environment - but really what has changed from 5 years ago that has turned this company from being profitable to losing money with no immediate prospects for a turnaround?
The biggest recent change is interest rates are back at 2006 levels - however it traded higher then than it does now. 
 
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