Post by
johnathamilton on Oct 24, 2023 4:16pm
NEW 52 WEEK LOW
Looks like some investors are bailing ahead of the earnings announcement. Issues:
1) no cost reduction/head count reduction to bring expenses in line.
2) consumers are cutting back on discretionary expenses to pay their variable mortgages - so sales are not coming back soon - nor are visits to the wineries.
3) real estate is looking increasingly overpriced - and much of the value of ADW is in their real estate.
Comment by
TheCount11 on Oct 25, 2023 2:10pm
Those were my concerns a few months ago.
Comment by
Jonathan9 on Nov 09, 2023 8:23pm
Better than expected results. Gross margin improvement. Stable sales. Small debt repayment. Turn around starting. Port Moody catalyst. Continued dividend. Holiday season upcoming. Limited downside, tremendous upside.