Treasury Wine: Result 2016

Treasury’s well-executed turnaround does not deserve a ridiculous price. It’s time to re-cork this bottle.

Is Treasury Wine Estates really the same capital sinkhole that Foster’s Group couldn’t wait to demerge? The company’s share price has been on a tear over the past year, including a spike after the final result. It’s now up 79% since our Avoid recommendation in Treasury Wine: Result 2015. Oops.


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