Corby Spirit and Wine (A)

CSW.A-T

TSE:CSW.A

15.39
0.01 (0.06%)
Corby Spirit and Wine Ltd. is a Canadian alcohol manufacturing and distribution company. It was founded in 1859 in Corbyville, Ontario. As of 2008, the company is 46% owned by Pernod Ricard SA.
More at Wikipedia

Analysis and Opinions about CSW.A-T

Signal
Opinion
Expert
HOLD
HOLD
December 12, 2019
He owned the stock at one point. It is a cash cow. It is mostly a marketing company. The question has always been if the parent will privatize the company. They pay a good dividend but there is very little growth. Hang on if you are in it for the long term.
Show full opinionHide full opinion
He owned the stock at one point. It is a cash cow. It is mostly a marketing company. The question has always been if the parent will privatize the company. They pay a good dividend but there is very little growth. Hang on if you are in it for the long term.
HOLD
HOLD
November 7, 2019
It does not really worry him. It is a steady-eddy type of thing. He'd like to see some revenue growth to be interested. He can make a case for owning it for income.
Show full opinionHide full opinion
It does not really worry him. It is a steady-eddy type of thing. He'd like to see some revenue growth to be interested. He can make a case for owning it for income.
PAST TOP PICK
PAST TOP PICK
August 16, 2019
(A Top Pick Nov 27/18, Down 4%) They have good shelf space in Canadian liquor stores and possess logistical expertise. They could partner with a cannabis company to make weed drinks.
Show full opinionHide full opinion
(A Top Pick Nov 27/18, Down 4%) They have good shelf space in Canadian liquor stores and possess logistical expertise. They could partner with a cannabis company to make weed drinks.
DON'T BUY
DON'T BUY
June 19, 2019
The name doesn't excite him much. They own 50% of Hiram Walker distillery, but nothing that is going to grow their top line. There are better names out there. Yield 4.9%
Show full opinionHide full opinion
The name doesn't excite him much. They own 50% of Hiram Walker distillery, but nothing that is going to grow their top line. There are better names out there. Yield 4.9%
PAST TOP PICK
PAST TOP PICK
April 29, 2019
(A Top Pick Nov 27/18, Down 6%) They had a special dividend at the end of 2018. He likes this a lot. Cannabis will likely cannabilize a lot of beer sales. In the U.S. beer sales are hit when a state legalizes weed, but not wine and spirits. They keep generating cash and special dividends.
Show full opinionHide full opinion
(A Top Pick Nov 27/18, Down 6%) They had a special dividend at the end of 2018. He likes this a lot. Cannabis will likely cannabilize a lot of beer sales. In the U.S. beer sales are hit when a state legalizes weed, but not wine and spirits. They keep generating cash and special dividends.
BUY
BUY
December 20, 2018
Loves it. Defensive in a down market and recession-proof. Alcohol is a high-cash flow generating business. There's a potential for privatization and for getting into cannabis. CSW has great expertise in getting shelf space in the LCBO, which could benefit the latter
Show full opinionHide full opinion
Loves it. Defensive in a down market and recession-proof. Alcohol is a high-cash flow generating business. There's a potential for privatization and for getting into cannabis. CSW has great expertise in getting shelf space in the LCBO, which could benefit the latter
TOP PICK
TOP PICK
November 27, 2018
Good products and budiness model. Heading into a recession, alcohol does very well. It's like the old Rothman's, generating high cash flow and paying strong dividends, though the stock price doesn't do much. They could get into the cannabis space. (Analysts’ price target is $22.75)
Show full opinionHide full opinion
Good products and budiness model. Heading into a recession, alcohol does very well. It's like the old Rothman's, generating high cash flow and paying strong dividends, though the stock price doesn't do much. They could get into the cannabis space. (Analysts’ price target is $22.75)
DON'T BUY
DON'T BUY
April 24, 2018

He generally likes the spirits and liquor business. Corby is one of the leading players in Canada but there are international companies in this space. Pernod Ricard owns a controlling interest in this company and appears unwilling to pay out the cash balance in the company as a dividend or take it private or do anything else to unlock value. This is why he exited his position. He likes the company, it pays a good dividend, it runs a stable long-term business, but it doesn’t look to be generating a high enough total return at this time. On the other hand, in a market like the present one, owning a stable cash-producing business like a liquor business is not a bad idea.

Show full opinionHide full opinion

He generally likes the spirits and liquor business. Corby is one of the leading players in Canada but there are international companies in this space. Pernod Ricard owns a controlling interest in this company and appears unwilling to pay out the cash balance in the company as a dividend or take it private or do anything else to unlock value. This is why he exited his position. He likes the company, it pays a good dividend, it runs a stable long-term business, but it doesn’t look to be generating a high enough total return at this time. On the other hand, in a market like the present one, owning a stable cash-producing business like a liquor business is not a bad idea.

COMMENT
COMMENT
March 27, 2018

This company is a real cash machine but low growth. This is mainly a marketing company for spirits. They are bringing on their own wine now. The company is controlled by Pernod Ricard in Europe. There has been ongoing speculation that the company would take itself private but that hasn’t happened and is not likely to. Every few years they pay a huge dividend because Pernod Ricard has a lot of debt. He much prefers the growth prospects of other companies that sell and market their own products. They’ve tried some initiatives to grow, such as selling product in the US (which was a failure). The dividend is very safe but it is unlikely to appreciate dramatically.

Show full opinionHide full opinion

This company is a real cash machine but low growth. This is mainly a marketing company for spirits. They are bringing on their own wine now. The company is controlled by Pernod Ricard in Europe. There has been ongoing speculation that the company would take itself private but that hasn’t happened and is not likely to. Every few years they pay a huge dividend because Pernod Ricard has a lot of debt. He much prefers the growth prospects of other companies that sell and market their own products. They’ve tried some initiatives to grow, such as selling product in the US (which was a failure). The dividend is very safe but it is unlikely to appreciate dramatically.

DON'T BUY
DON'T BUY
February 20, 2018

Only one analyst covers it. Earnings estimates are lower for next year and the year after than this year. Year over year sales (reported Feb 7) were up a glacial 1% and year over year earnings were down over 20%. Return on equity is forecast at a reasonable 13% but there is no growth. At a dividend of 4.1%, there are better opportunities.

Show full opinionHide full opinion

Only one analyst covers it. Earnings estimates are lower for next year and the year after than this year. Year over year sales (reported Feb 7) were up a glacial 1% and year over year earnings were down over 20%. Return on equity is forecast at a reasonable 13% but there is no growth. At a dividend of 4.1%, there are better opportunities.

BUY
BUY
February 2, 2018

Good company. Pretty safe with it. Spirits companies are great. Strong data with Corbys. ROIC 18% with 13% in recent years. Valuation reasonable. Good dividend at 3.8%.

Show full opinionHide full opinion

Good company. Pretty safe with it. Spirits companies are great. Strong data with Corbys. ROIC 18% with 13% in recent years. Valuation reasonable. Good dividend at 3.8%.

COMMENT
COMMENT
January 18, 2018

This has been very steady and doing quite well. It doesn't get seriously bad. Well supported and has strong backing. Has a nice dividend. Well run.

Show full opinionHide full opinion

This has been very steady and doing quite well. It doesn't get seriously bad. Well supported and has strong backing. Has a nice dividend. Well run.

COMMENT
COMMENT
January 12, 2018

Doesn't think you're going to get much in the way of capital appreciation on this. They pay $.84. Their year end is June 30. You are not going to get much in the way of capital appreciation, it's just the distributions that you get. His model price is $24.47, 14% higher than what it closed at yesterday. He sees so much value elsewhere that it would be hard for him to stick with this.

Show full opinionHide full opinion

Doesn't think you're going to get much in the way of capital appreciation on this. They pay $.84. Their year end is June 30. You are not going to get much in the way of capital appreciation, it's just the distributions that you get. His model price is $24.47, 14% higher than what it closed at yesterday. He sees so much value elsewhere that it would be hard for him to stick with this.

WATCH
WATCH
December 28, 2017

He has been watching it. It is Canadian. It is confined to the Canadian market and so not participating as much. It is a worldwide company.

Show full opinionHide full opinion

He has been watching it. It is Canadian. It is confined to the Canadian market and so not participating as much. It is a worldwide company.

BUY
BUY
December 14, 2017

Hard liquor and some wines. Very good brands. He has looked at it and likes it at times but they are too highly valued at times. It one shareholder has too much so it is not liquid enough for him. As cannabis becomes more main stream, they may want to invest in it in some way.

Show full opinionHide full opinion

Hard liquor and some wines. Very good brands. He has looked at it and likes it at times but they are too highly valued at times. It one shareholder has too much so it is not liquid enough for him. As cannabis becomes more main stream, they may want to invest in it in some way.

Showing 1 to 15 of 70 entries