Last month I attended the analyst presentation
for Constellation Brands (STZ) and a pre-IPO Sidotti presentation for
Truett-Hurst. Two years ago, we were very impressed with the new
management strategy of STZ and put it on our Buy conviction list.
Since then it has doubled. However, while still a sharp management team,
the fact they will become 50% beer and only 50% Wine & Spirits,
clearly does not strike this wine lover’s heart favorably. Others STZ
Upgraded to Strong Buy. While I concede the plan forward may be a
smart financial move, we have downgraded it to “Market Perform” with
intermediate term support at 46 and resistance at 58. Truett-Hurst
has several renowned wine markers advising. They will be concentrating
on the highly profitably private label sector for wines. They are
also exploring numerous marketing gimmicks- paper wine bottles for
picnics, square wine bottles to reduce shelf space etc. Their
initial IPO strategy failed (too expensive, too favorable to insiders
raises $14.1 million in IPO
trading on June 20 - a day the Dow was down 353. Clearly they
should fire their astrologer (or hire one)! Until then, I would
wait and not buy this interesting
summer the red wines I will be drinking will be mostly Malbec from
Argentina. This is not because I will be barbequing meats but
rather preparing for my trip there September 20-30. More next time.
NEWS & TRENDS
2. WINE & FINANCE
3. WINE 101
4. WINE CALENDAR
5. WINE TASTINGS & EVENTS
6. THIS AND THAT
7. WINE QUIZ
Invented a Twist-Off Wine Cork and Life Will Never Be the SameWine
producers go hi-tech to outsmart fraudsters
Redefines Social Drinking With Community-Created Wine
Money With Wine Investments
Diverging From Fine Wine as Bullion Investors Lose Faith
3. Wine and
Food: Pairing Without Overthinking
Noble Grapes Wine Challenge
Wine About: Wine Tasting & Comedy
RIVE DROITE From Barrel to Bottle
pleasure in the jazz accompaniment. French wine does resonate well
with cool jazz.
enjoyed spending time with my favored Chateau
while discussing vintages:
would “last forever”, while 2010 was “beautiful, charming but
complicated and would also age well;” 2012 was “charming,
simple and arouse you.” Naturally, this later depiction had
most male and female wine lovers rather anxious to taste his 2012
vintages! Not greatly aroused, I preferred his Chateau Vray Croix
de Gay 2010. This despite their info sheet matches it “perfect
with Tasty and sensual cuisine.” Ditto with their Chateau Le Prieure
Grand Cru, a “perfect match with Fine and delicate cuisine”.
They increased the percentage of Cabernet Franc to 25% from 10% in
the 2010 vintage. [Currently 20%]. The remainder of course is
Gabriella Fine Wines Orsay Restaurant - 1057 Lexington Avenue
Jazz makes French wine taste better!
their Beaujolais, I liked the Saint Amour 2012 Curvee La Crois, while
Irene preferred the Maganese soil enhanced Moulin a Vent 20122 Curve Le
#2 enjoyed the Sparkling Brut Rose Paul De Coste.
favorites were their Nuit Saint George 2007 Seigneurie de Posanges
and of course the Clos de Vougeot 2006 Domaine Sylvain Loichet.
WINES OF GREECE-
time, Susan and I were creatures of habit and decided to stick with the
tried and true.
perhaps the best known quality Greek brand. Susan’s favorite was
Boutari Moschofilero 2011 a Dry White which can age to 4-5 years.
She said it was “smooth and tasteless.” After my quizzical response, she
added “no after taste”— a reference to her former Greek retsina
indeed is Gaia wines, especially their Gaia Estate 2008 Dry red
(the first winery in Greece declared bioclimatic.) Entry
level Erythmos (90% Agioritiko and 10% Cab) matches well with food
$15 and their Savatiano 2012 (dry white) $15 even their “high end”
Retsina 2012 $12 (no bad aftertaste and pleasant enough).
Old Vines Agiorgiko
change study 'exaggerated and full of mistakes': Chapoutier
dating site for wine lovers? It's on its way
spit: Underage wine students can now taste subject
7. Which country is the only one
whose national anthem begins with an ode to its vines and wines? A
Germany B Luxembourg C Switzerland
Hint: The relevant portion of the
National Anthem is translated: "where the vineyard amply grows along the
Moselle, we make heaven's wine."
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