Respectfully disagree. SVIN's brands are overpriced, don't taste good and debt level is high. Crimson's has a pristine balance sheet and is focused on premium-priced, high quality wines. It is also buying back stock. Should liquidate or prudently make acquisition(s).
I suppose it's completely subjective whether SVIN's wines don't taste good, although it would be very funny if they had to list that as a risk factor in securities filings. There also seems to be disagreement between you ("overpriced") and the author (" cheaper wines for the less discerning or more budget-conscious consumer") on whether the wine is expensive or not
Most of Scheid's output seems to run between $15 and $25, which is on the mid-to-low end of the spectrum in my eyes. Like I said, I'm not a wine person, I'm just going by what I see as the typical price range on random bottles (say between $12 and $50) at the PA state store.
Lol just looked at their history of the company webpage and it was founded as a partnership by an investment banker specifically as a tax shelter vehicle, i.e. to lose money! The more things change the more they stay the same. There's also this great reader comment from oddballstocks a few years ago:
"Most of these firms [like Pardee and Scheid] exist because of institutional loyalty and for no other reason. If they were rational, they would have sold to better, larger, more scaled operators long ago. Managements here lack vision and ambition, but get to work with their friends and they value that highly."
Nate isn't wrong! And yeah, I suspect a close look at the financials of many if not most California vineyards would reveal they are being run at prestige projects, not in the hopes of making money. Probably to the benefit of the consumer...
I think someone should create a holding company with huge social media following and mainstream media coverage and go out to create/ unlock shareholder value out of these companies. Possibly make series out of it in the process. Nano cap activisim with colorful characters. Maybe someone already does it.
I think it's a very fun idea. The only issues are liquidity and control. Many OTC companies have very little trading volume, making it difficult to build a position. And many are controlled by a single shareholder or family, making activism all but impossible.
That is true. Federal Screw Works seem like great value here. Maybe Buffet style friendly activism might be welcome, especially in tough times. You know, take the cash, don't touch the operations.
You forgot CWGL. Fantastic balance sheet. Decent brands, though a bit on the expensive side. Napa Valley Land on the books that is undervalued. However, they need to sell to someone too. Spun out of Leucadia many years ago. Heavy insider ownership as well.
I was looking at Decker Manufacturing Corp, no fincial fillings available anywhere on the internet. Not sure what is the purpose of mentioning it in the article if nothing is available to read/study about the company or is it AI generated?
Ah, SVIN reminded me of the Crimson Wine Group spinoff (CWGL) from Leucadia ... hadn't thought about that one in years! They should just merge.
Respectfully disagree. SVIN's brands are overpriced, don't taste good and debt level is high. Crimson's has a pristine balance sheet and is focused on premium-priced, high quality wines. It is also buying back stock. Should liquidate or prudently make acquisition(s).
I suppose it's completely subjective whether SVIN's wines don't taste good, although it would be very funny if they had to list that as a risk factor in securities filings. There also seems to be disagreement between you ("overpriced") and the author (" cheaper wines for the less discerning or more budget-conscious consumer") on whether the wine is expensive or not
Most of Scheid's output seems to run between $15 and $25, which is on the mid-to-low end of the spectrum in my eyes. Like I said, I'm not a wine person, I'm just going by what I see as the typical price range on random bottles (say between $12 and $50) at the PA state store.
Lol just looked at their history of the company webpage and it was founded as a partnership by an investment banker specifically as a tax shelter vehicle, i.e. to lose money! The more things change the more they stay the same. There's also this great reader comment from oddballstocks a few years ago:
"Most of these firms [like Pardee and Scheid] exist because of institutional loyalty and for no other reason. If they were rational, they would have sold to better, larger, more scaled operators long ago. Managements here lack vision and ambition, but get to work with their friends and they value that highly."
Nate isn't wrong! And yeah, I suspect a close look at the financials of many if not most California vineyards would reveal they are being run at prestige projects, not in the hopes of making money. Probably to the benefit of the consumer...
What a name -- Federal Screw!
great work. not enough people sharing their list of oddity assets.
im a fan of the cheese bank in Italy - CE.MI
I think someone should create a holding company with huge social media following and mainstream media coverage and go out to create/ unlock shareholder value out of these companies. Possibly make series out of it in the process. Nano cap activisim with colorful characters. Maybe someone already does it.
I think it's a very fun idea. The only issues are liquidity and control. Many OTC companies have very little trading volume, making it difficult to build a position. And many are controlled by a single shareholder or family, making activism all but impossible.
That is true. Federal Screw Works seem like great value here. Maybe Buffet style friendly activism might be welcome, especially in tough times. You know, take the cash, don't touch the operations.
No SVINs remains a rule of mine (no vanity assets that don’t pay a distro)
You forgot CWGL. Fantastic balance sheet. Decent brands, though a bit on the expensive side. Napa Valley Land on the books that is undervalued. However, they need to sell to someone too. Spun out of Leucadia many years ago. Heavy insider ownership as well.
I was looking at Decker Manufacturing Corp, no fincial fillings available anywhere on the internet. Not sure what is the purpose of mentioning it in the article if nothing is available to read/study about the company or is it AI generated?
They are all right here. https://www.otcmarkets.com/stock/DMFG/disclosure. Absolutely nothing on this publication is AI-generated, nor will it ever be.
Thank you so much for sharing this!