Corby Spirit and Wine (A)

CSW.A-T

TSE:CSW.A

16.25
0.00 (0.00%)
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.
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Analysis and Opinions about CSW.A-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
April 13, 2015

(A Top Pick April 22/14. Up 23.06%.) Has owned this for a few years and can see continuing owning it for several more years. Well-run business. Undergoing a major push to try to market their Wiser’s whiskey into the US. They have a strong position in the Canadian market and are working to expand that. Pays a nice 3%-3.5% dividend.

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(A Top Pick April 22/14. Up 23.06%.) Has owned this for a few years and can see continuing owning it for several more years. Well-run business. Undergoing a major push to try to market their Wiser’s whiskey into the US. They have a strong position in the Canadian market and are working to expand that. Pays a nice 3%-3.5% dividend.

BUY
BUY
March 25, 2015

He has held it for 4 or 5 years. About 18 months ago they switched the marking for Wiesers to their parent company. They are gradually rolling this out in the US and are doing well. He could see this being taken out.

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He has held it for 4 or 5 years. About 18 months ago they switched the marking for Wiesers to their parent company. They are gradually rolling this out in the US and are doing well. He could see this being taken out.

COMMENT
COMMENT
February 17, 2015

Really likes this company. Wines and to a large extent spirits. Very stable with good brands in Canada. There is a sort of Renaissance going on in the whiskey business, and they are starting to sell and distribute their JP Wiser’s into the US market. The company is 51% owned by Pernod Ricard. At some point they might try to buy the other 49%. Nice dividend yield.

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Really likes this company. Wines and to a large extent spirits. Very stable with good brands in Canada. There is a sort of Renaissance going on in the whiskey business, and they are starting to sell and distribute their JP Wiser’s into the US market. The company is 51% owned by Pernod Ricard. At some point they might try to buy the other 49%. Nice dividend yield.

STRONG BUY
STRONG BUY
November 6, 2014

Spirits and wines. Whiskey is the new ‘hot’ thing in the category. It has been shooting higher because they were highlighted at a conference a few weeks ago. It is not normally followed that well. They reported decent earnings yesterday, increased the dividend and issued a special dividend. They are expanding into the US with their Wiser’s brand. Trades at a discount to more global brands (11 times earnings). Nice dividend.

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Spirits and wines. Whiskey is the new ‘hot’ thing in the category. It has been shooting higher because they were highlighted at a conference a few weeks ago. It is not normally followed that well. They reported decent earnings yesterday, increased the dividend and issued a special dividend. They are expanding into the US with their Wiser’s brand. Trades at a discount to more global brands (11 times earnings). Nice dividend.

BUY
BUY
September 29, 2014

Always favourable toward the ‘sin’ stocks. A good company, a defensive stock. It grows and the dividend is safe.

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Always favourable toward the ‘sin’ stocks. A good company, a defensive stock. It grows and the dividend is safe.

BUY
BUY
September 23, 2014

There has been a real trend in this business. There are 3 or so large companies that seem to be gobbling up everything. This one has stayed independent for many years. Thinks the spirit and wine business is one that is demographically doing better than the beer business right now. Feels the 3.5% dividend is safe.

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There has been a real trend in this business. There are 3 or so large companies that seem to be gobbling up everything. This one has stayed independent for many years. Thinks the spirit and wine business is one that is demographically doing better than the beer business right now. Feels the 3.5% dividend is safe.

TOP PICK
TOP PICK
July 22, 2014

The really interesting element is that whiskey is the big hot trend in the spirits business, and Pernod, their parent, does not have a US whiskey brand. Corby partnered with J P Wisers, their Canadian Rye brand, in order to make a big push into the US. They are just in the early stages. If successful and gets traction, this company’s earnings could go up substantially. If this expansion is successful, you are either going to get a big dividend increase, or Pernod is going to come along and try to buy the remaining piece of this company. Yield of 3.51%.

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The really interesting element is that whiskey is the big hot trend in the spirits business, and Pernod, their parent, does not have a US whiskey brand. Corby partnered with J P Wisers, their Canadian Rye brand, in order to make a big push into the US. They are just in the early stages. If successful and gets traction, this company’s earnings could go up substantially. If this expansion is successful, you are either going to get a big dividend increase, or Pernod is going to come along and try to buy the remaining piece of this company. Yield of 3.51%.

WATCH
WATCH
July 21, 2014

He prefers to follow the most widely held of the .A and .B stocks. It should have support about where it is and if it breaks it it will continue down.

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He prefers to follow the most widely held of the .A and .B stocks. It should have support about where it is and if it breaks it it will continue down.

COMMENT
COMMENT
June 20, 2014

The big story here is still the Wiser’s rollout in the US. They are in something like 12 states now, and their parent Pernod, is pushing it through their US distribution system. They should see a nice revenue and earnings ramp over the next year or so, and then you should see the cash flow.

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The big story here is still the Wiser’s rollout in the US. They are in something like 12 states now, and their parent Pernod, is pushing it through their US distribution system. They should see a nice revenue and earnings ramp over the next year or so, and then you should see the cash flow.

TOP PICK
TOP PICK
April 22, 2014

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%.

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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%.

BUY
BUY
April 21, 2014

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.

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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.

PAST TOP PICK
PAST TOP PICK
December 27, 2013

(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.

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(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.

DON'T BUY
DON'T BUY
October 25, 2013

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.

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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.

BUY
BUY
September 30, 2013

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.

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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.

COMMENT
COMMENT
August 15, 2013

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.

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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.

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