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Corby Spirit and Wine (A) Stock Symbol: CSW.A-T

Last Price Recorded: 21.5400 on 2014-04-25 01:14:04

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Date Signal Expert Opinion Price
2014-04-22 TOP PICK Colin Stewart

Trading at a discount of 11X EBITDA versus 18X EBITDA of other companies. 3.5% dividend yield, so you get paid to wait. Undergoing a fairly major expansion in the US with their J P Wiser brand, one of the leading brands of rye whiskey in Canada. This is a really hot trend today in the spirits market. If successful with the expansion in the US, there could be a significant earnings upside. The wildcard is Pernod Ricard, the 4th or 5th largest liquor company in the world that owns 50% of this company. They might make a bid for the rest of Corbys. Yield of 3.44%.


Price:
$21.020
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
BULLISH on US ECONOMY
Owned:
Yes
2014-04-21 BUY James Hodgins

Likes a lot. Have been investing a lot into Canadian wines and a deal to market Wiser’s in the US. The latter is more interesting and they came out with a new brand called Wiser’s Premium. Currently in about 8 states and will be going national with it. A lot of potential with it. Recent earnings were good. They are growing in the US shipments so quickly, they have to build the channel so some of the sales are part of that channel build and it should last while they are building it up. Once you see them roll into the full 50 states, then he would take a look to see what the actual sell-through is. 3.4% yield.


Price:
$20.850
Subject:
MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias:
CAUTIOUS
Owned:
Yes
2013-12-27 PAST TOP PICK James Hodgins

(A Top Pick Dec 28/12. Up 15.25%.) A tremendous cash flow generator. Announced last year that Pernod, their largest shareholder, was taking over the distribution of Wisers in the US using the same kind of marketing they did in Canada and introduce it as a premium brand. They are going slow and steady with that but he thinks there are lots of growth opportunities there. He has been buying more recently.


Price:
$19.950
Subject:
MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias:
CAUTIOUS
Owned:
Yes
2013-10-25 DON'T BUY Brooke Thackray

This sector tends to be more defensive. This hasn’t performed well when all the other stocks in the Consumer’s Staples sector have. It has been falling at the same time the S&P 500 has been going up.


Price:
$20.500
Subject:
SEASONAL & TECHNICAL
Bias:
BULLISH
Owned:
Unknown
2013-09-30 BUY James Hodgins

Still loves it.  Not a huge growth name but you can think of all the capital they return to shareholders as the growth.  The upside now is the potential for a onetime growth hit here as the parent is now distributing Weisers in the US.  The parent may decide to buy the rest of the stock in as it grows.  Zero debt.


Price:
$20.600
Subject:
MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias:
BEARISH on US ECONOMY
Owned:
Unknown
2013-08-15 COMMENT Douglas Kee

Dividend has been going up. There was some thought that their French parent would take them over at some point but the parent owns enough of it now so there is no rush for them to do so.


Price:
$21.900
Subject:
AGRICULTURE, DIVIDEND & FIXED INCOME
Bias:
UNKNOWN
Owned:
No
2013-07-25 BUY James Hodgins

Majority owned by a French company.  A cash flow machine.  Last quarter’s numbers weren’t good because of a delay in Lambs rum shipment to the UK.


Price:
$20.580
Subject:
SMALL & MID-CAP
Bias:
BEARISH
Owned:
Yes
2013-05-27 BUY James Hodgins

Has a long position.  Lambs had a poor quarter.  Likes some of the catalysts.  They are marketing Weisers in the US which has a lot of upside in terms of sales growth and they are using their distributorship muscle within Canada and are starting to market more wines and they get a nice commission.  Sitting on cash.


Price:
$19.970
Subject:
MARKET NEUTRAL INVESTING
Bias:
BEARISH
Owned:
Yes
2013-03-28 BUY Paul Harris, CFA

Great business. Not cheap. Owned by Pernod and he feels that at some time they will just take it out of Canada. Nice dividend.


Price:
$19.500
Subject:
GLOBAL
Bias:
BULLISH
Owned:
Yes
2013-03-20 COMMENT Michael Smedley

Excellent dividends. Special dividends capability. Probably gets taken in eventually by its parent Pernod.


Price:
$19.450
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2013-01-14 COMMENT Douglas Kee

Has a smattering of some historical holdings in some clients’ portfolios but is not interested in owning generally. Company has done well. His concern, longer-term, is the French company that really controls what goes on there. Well managed.


Price:
$18.820
Subject:
CANADIAN DIVIDEND
Bias:
OPTIMISTIC
Owned:
Yes
2012-12-28 TOP PICK James Hodgins

Cash flow return on investment has improved dramatically since they went to an asset light model and is showing up in the special dividends that the company has been paying. Really under levered. Have $100 million in net cash, 20% of their market. Generates tremendous cash flow. There is a rumour that their parent will use the cash to purchase the distribution rights for José Cuervo Tequila.


Price:
$17.200
Subject:
MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias:
BULLISH on PRECIOUS METALS
Owned:
Yes
2012-12-14 PARTIAL BUY Fabrice Taylor

Makes booze and it’s a cash flow machine. Thinks they are in the process of paying a special dividend. Business is good. Not very liquid. Pretty decent conservative play and you can pick away at it.


Price:
$17.190
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
No
2012-12-04 TOP PICK Michael Smedley

They are into the swinging things in cocktails. Subject to the largest minority holding (12%) by a funds management, which means very big dollars for all the assets they held for very long time.


Price:
$17.400
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2012-11-13 PAST TOP PICK James Hodgins

(Top Pick Nov 24/11, Up 16.86%) They just announced another special dividend.  He likes it a lot.


Price:
$17.850
Subject:
SMALL & MID-CAP
Bias:
SELECTIVE
Owned:
Yes
Showing 1 to 15 of 31 entries
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