A few links for today Bloomberg takes a look at how HP Inc (HPQ) and Hewlett Packard Enterprise (HPE) are doing since their 2015 breakup and to the surprise of the afor today:uthor – and I would guess to absolutely no readers of this site – the ‘runt of the litter’ HP Inc is actually doing well. Newsflash:… Read More »
Drama and alcohol seem to go hand in hand (especially on reality TV) and the wine business is proving to be no exception. The end seemed all but nigh for Australia’s struggling Treasury Wine Estates (TWE.AX) when two different private equity firms, KKR/Rhone and (allegedly) TPG, bid A$5.20 per share for the company. That ~$3.15b valuation already represented a… Read More »
A few months ago we highlighted a bid by private equity giant KKR for Foster’s spinoff Treasury Wine Estates (TWE.AX). The A$4.70 per share bid represented a nice premium (at the time) for the struggling spirits company which remains in the middle of a turnaround plan by new CEO Michael Clarke. The company wasn’t too enamored with the offer… Read More »
Like all spinoffs, Treasury Wine Estates(TSRYF) was in high spirits following its spinoff from Fosters. The company’s results have been disappointing however, marked by troubles in its US division culminating in the destruction of millions of dollars worth of completed wine. CEO David Dearle was ousted, replaced by Michael Clarke. Amidst problems spreading to other regions, some analysts… Read More »
Leucadia (LUK) is one of those low key companies which has done a superb job for shareholders. The company has grown Book Value per share at an 18.5% CAGR and shareholder equity at over 19% since 1979. Not bad. No fancy homepage for this company, instead the spartan website offers up some links to the company’s SEC filings… Read More »
Not too long ago, Treasury Wine Estates(TSRYY) was a subsidiary of Fosters(FGL.AX). Since its own spin, it has been dogged by discussions that it should spin its profitable Penfolds business off as a separate firm. Though Treasury doesn’t break out numbers Speculation about a spin-off was given a boost last week when Macquarie analyst Greg Dring published a… Read More »