Corby Spirit and Wine (A) (CSW.A-T) Stock Predictions - Stockchase
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Corby Spirit and Wine (A) (CSW.A-T)

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breweries/beverages

Corby Spirit and Wine (A)

CSW.A-T

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Corby Spirit and Wine (A) (CSW.A-T) SAVE Apr, 19, 2019, 9:05 am

17.39 0.11 (0.63%)

About Corby Spirit and Wine (A) (CSW.A-T)

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

What the experts are saying about CSW.A-T



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BUY
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
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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
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James Hodgins

Chief Inve, Curvature Hedge Stra...

Price Price
$18.250
Owned Owned
Yes

TOP PICK
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)
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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)
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James Hodgins

Chief Inve, Curvature Hedge Stra...

Price Price
$19.230
Owned Owned
Yes

DON'T BUY

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.

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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.

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Colin Stewart

CEO & Port, JC Clark Investments...

Price Price
$19.600
Owned Owned
No

COMMENT

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.

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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.

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Stephen Takacsy

Chief Inve, Lester Asset Managem...

Price Price
$19.500
Owned Owned
Unknown

DON'T BUY

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.

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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.

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Robert McWhirte

President, Selective Asset Mana...

Price Price
$21.230
Owned Owned
No

BUY

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%.

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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%.

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Matt Kacur

President, FSA Financial Scienc...

Price Price
$22.180
Owned Owned
Unknown

COMMENT

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.

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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.

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Michael Smedley

Exec VP & , Morgan Meighan & Ass...

Price Price
$22.230
Owned Owned
Yes

COMMENT

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.

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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.

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Brian Acker, CA

Chief Exec, Acker Finley Inc....

Price Price
$21.740
Owned Owned
Unknown

WATCH

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.

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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.

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Norman Levine

Managing D, Portfolio Management...

Price Price
$22.500
Owned Owned
No

BUY

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.

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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.

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Michael Simpson

Senior Vic, Sentry Investments...

Price Price
$21.540
Owned Owned
Unknown

BUY

[Caller asked about 'B' but BNN put up chart for 'A'] It is a fine company.  He has been in it long term.  It is inclined to go up a little.  People holding it don’t usually go rushing out the door because of the tax year.

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[Caller asked about 'B' but BNN put up chart for 'A'] It is a fine company.  He has been in it long term.  It is inclined to go up a little.  People holding it don’t usually go rushing out the door because of the tax year.

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Michael Smedley

Exec VP & , Morgan Meighan & Ass...

Price Price
$21.600
Owned Owned
Yes

HOLD

It has been a story where he looked at it a year or so ago.  It is a bit expensive on a multiple basis but someone will probably come along and take it out in the future.  He would hold it if you own it.  They try to make acquisitions of smaller brands from time to time.  It is pretty sleepy.

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It has been a story where he looked at it a year or so ago.  It is a bit expensive on a multiple basis but someone will probably come along and take it out in the future.  He would hold it if you own it.  They try to make acquisitions of smaller brands from time to time.  It is pretty sleepy.

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Bruce Campbell

President, Campbell and Lee Inv...

Price Price
$22.100
Owned Owned
No

HOLD

One of the old greats in the liquor world. They distill certain things and have marketing rights to others. They do things overseas. Pays special dividends in January.

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One of the old greats in the liquor world. They distill certain things and have marketing rights to others. They do things overseas. Pays special dividends in January.

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Michael Smedley

Exec VP & , Morgan Meighan & Ass...

Price Price
$21.800
Owned Owned
Unknown

COMMENT

This has its own little niche and a much smaller distribution than some of the larger names. The spirits business had struggles last year. There is nothing wrong with this one.

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This has its own little niche and a much smaller distribution than some of the larger names. The spirits business had struggles last year. There is nothing wrong with this one.

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David Driscoll

President , Liberty Internationa...

Price Price
$21.920
Owned Owned
No

COMMENT

This is in the consumer staples sector, and is not something he would be looking at. It has a high yield and is a great company and has done extremely well, but a pullback has taken place. Seasonally, this is not something he would favour.

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This is in the consumer staples sector, and is not something he would be looking at. It has a high yield and is a great company and has done extremely well, but a pullback has taken place. Seasonally, this is not something he would favour.

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Brooke Thackray

Research A, Horizons ETFs (Canad...

Price Price
$22.800
Owned Owned
Unknown

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