Andrew Peller Ltd T.ADW.A

Stephen Takacsy - BNN - again

[Possibleidiot01]

BUY

Andrew Peller(ADW.A-T)

30/01/2023

 

 

It was hit hard during the pandemic when restaurants were closed, but are recovering strongly. Recently, have faced higher freight and material costs. Despite those, margins are healthy. Consumers are returning to bars, restaurants and airports. He expects better results in coming quarters. 

breweries / beverages

 

$4.920

Unknown if he owns

[TheCount11]

Likely doesn't own either as disclosure rules require him to say if he or his firm has positions.  Refinitiv does not show his fund in top 10 for Peller A stock.  They only have 7 funds holding stock. Institutions decreased their holdings of Peller by 22% and don't own much anymore.  This is actually long term bullish because interest rates will come down eventually and

[TheCount11]

I loved going out there for weekends and doing the wine route.  Direct to consumer sales from wineries are much more profitable.  They have a really great business model that anyone from TO can appreciate.  Company carries debt none of it term loans so it is rate sensitive.  Once rates start coming down funds likely start piling back in.

[johnathamilton]

That they didn't take out term loans for their assett purchases is precisely the problem - when rates were at generational lows, they didn't take advantage of that to lock in the rates? This company for all its promise, makes these mind numbing missteps. It's frustrating as hell. They are the Maple Leafs of my portfolio. 

[TheCount11]

Haha Awesome!  So true.  Go Leafs Go!