ETW - Evans & Tate

[Sean K]

I think 1st prize was only $3M, so that will only get them out of the dog house for a few weeks. Unless they go and put that on black at the casino and win 9 times in a row. That'll be $300M. Then they can buy MGW.

 

[pussycat2005]

ETW up 80%

Well on its way to recovery

 

[yogi-in-oz]

Hi folks,

ETW ..... ran aground in early June 2006,
but it looks like their fire sale of assets,
continues, so they are making a good attempt
at working on their own recovery .....

..... will be alert for some positive news
this week, as a couple of positive cycles
come into play.

happy days

yogi

 

[pharaoh]

yogi, do they have the possibility of getting back to former highs - ie 45c

I almost bought some around 5c, damn, wish i did now

 

[pch]

I'd urge caution here. The entire industry is still in the mire - take a look at MGW and they don't have anywhere near the ratio of debt to equity compared to ETW.

I think even after these fire sales, if ETW was to stop paying dividends and use all retained earnings to retire debt, it would take them many years. Warren Buffett is the kind of contrarian investor that may be interested in the wine industry right now - but he's probably steer clear of ETW because of their remaining large debt..

 

[pharaoh]

COOL, GOOD ADVICE
THANKS