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
BUY
BUY
July 25, 2013

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.

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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.

BUY
BUY
May 27, 2013

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.

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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.

BUY
BUY
March 28, 2013

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

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

COMMENT
COMMENT
March 20, 2013

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

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

COMMENT
COMMENT
January 14, 2013

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.

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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.

TOP PICK
TOP PICK
December 28, 2012

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.

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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.

PARTIAL BUY
PARTIAL BUY
December 14, 2012

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.

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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.

TOP PICK
TOP PICK
December 4, 2012

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.

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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.

PAST TOP PICK
PAST TOP PICK
November 13, 2012

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

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

COMMENT
COMMENT
October 19, 2012

In a nice upward trend but it got to a point where he could do better for yield in other stocks so sold his position. An absolutely safe stock. 3.4% yield.

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In a nice upward trend but it got to a point where he could do better for yield in other stocks so sold his position. An absolutely safe stock. 3.4% yield.

BUY
BUY
March 14, 2012
Historically he has owned in private client portfolios. Pays special dividends. Liquor is Liquor. Diagio controls what brands Corby has. Yield over 4%. Diagio owns 80% of stock.
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Historically he has owned in private client portfolios. Pays special dividends. Liquor is Liquor. Diagio controls what brands Corby has. Yield over 4%. Diagio owns 80% of stock.
BUY
BUY
December 29, 2011
Announced special dividend after selling a bottling plant. Going forward will pay nice steady dividend. Now that bottling plant is sold off they are going to be able to drive brand growth and grow investment returns. Will continue to grow in a recessionary environment.
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Announced special dividend after selling a bottling plant. Going forward will pay nice steady dividend. Now that bottling plant is sold off they are going to be able to drive brand growth and grow investment returns. Will continue to grow in a recessionary environment.
TOP PICK
TOP PICK
November 24, 2011
Some real positive change has been occurring. Recently reported a bang-up quarter. Very nice growth in their core brands. Becoming asset light by selling off a bottling manufacturing facility and focusing on driving profitability through brand growth. This is a good model. Expect you could see 10%-15% returns over the next decade.
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Some real positive change has been occurring. Recently reported a bang-up quarter. Very nice growth in their core brands. Becoming asset light by selling off a bottling manufacturing facility and focusing on driving profitability through brand growth. This is a good model. Expect you could see 10%-15% returns over the next decade.
BUY
BUY
September 11, 2009
Large domestic distiller of booze. From a macro point of view he likes the area. They don't export much. Recession resistant. Had a great quarter largely due to the threatened strike at Liquor Control Board of Ontario. People stocked up during at the end of the quarter. Next quarter will probably be weaker. Good long-term investment.
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Large domestic distiller of booze. From a macro point of view he likes the area. They don't export much. Recession resistant. Had a great quarter largely due to the threatened strike at Liquor Control Board of Ontario. People stocked up during at the end of the quarter. Next quarter will probably be weaker. Good long-term investment.
COMMENT
COMMENT
July 8, 2008
Has been disappointing. An interesting price. Good dividends. Good earnings.
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Has been disappointing. An interesting price. Good dividends. Good earnings.
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