Thursday, May 22, 2014

More Action in the Wine Business- Treasury Wine Estates (TSRYY) Acquisition Bid by KKR

We like the wine business, having been attracted primarily due to vineyard acreage ownership at cheap prices. We have done well with pink sheet name Scheid Vineyards (SVIN) over the past couple of years.Very recently, we took a position in Australian winemaker Treasury Wine Estate, which received a buyout offer earlier this week from KKR. See more below.

*The author has positions in Scheid Vineyards and Treasury Wine Estates. This is neither a recommendation to buy or sell any securities. All information provided believed to be reliable and presented for information purposes only

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