Treasury Wine: Faint Praise, Crossed Fingers & Tough Love

Treasury Wine Estates is a lot like a brilliant, but ill-focused teenager still loved by his parents who realize an urgent need for some tough love if he’s ever going to perform up to potential.

That seems to be the consistent opinion of David Errington, Bank of America/Merrill Lynch’s Australian research analyst whose Feb. 21 report from Down Under is filled with faint praise, which is all that reality merits. He was clear — as he has been for months — that TWE’s share price would climb 18% if it would just unload a big name asset as well as its interests in the U.S.

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Also In This Article:

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• U.S. BUSINESS = “SIGNIFICANT RISK”

• RADICAL ACTION NEEDED

• EVEN CURRENT SHARE PRICE DEPENDS ON HOPEFUL FORECAST

• CAVEATS

The full report which can be accessed by Wine Executive News subscribers at this link.

Previous Original Wine Industry Insight Coverage of Treasury Wine Estates

• Treasury Wine: Incompetent, Irrational, Disorganized
• Major Asian Investment Analysts High On “Mismanaged” Treasury Wine US
• BofA/Merrill Lynch’s Love Affair With Treasury Wine Australia
• BofA Throws Beringer Under Bus, Urges Treasury To Divest ASAP
• Wine “Shortage” Is Bull: Here’s Why
• The Coup d’Etat At Treasury Wine
• Treasury Wine Is Shopping Beringer & Everybody Wants It
• No Winegrape Shortage: Citi Report Based On Bad, Incomplete Data

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