Author Topic: SVIN - Scheid Vineyards  (Read 4735 times)

porcupine

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Re: SVIN - Scheid Vineyards
« Reply #10 on: July 02, 2019, 10:48:12 AM »
Oddball Stocks makes a good case that Scheid is just a bad business:

http://www.oddballstocks.com/2019/07/do-disappointing-scheid-vineyards.html

A $9/ share GAAP loss for a $65 stock is something to sneeze at.

Indeed. Awful year.

Case sales were extremely disappointing, as these sales are the basis for the long-term thesis. Looking forward to seeing FY 2020 case sales with the increased sales effort and announced partnerships. 
“Successful investing is having everyone agree with you — later.” –Joe Robillard

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writser

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Re: SVIN - Scheid Vineyards
« Reply #11 on: July 02, 2019, 11:58:40 AM »
Isn't the long-term thesis that the owners sell this to another rich man who wants a hobby at a very juicy price / acre? Consider me skeptical about the economics of the vineyard itself.
When you are dead, you do not know you are dead. It's only painful and difficult for others. The same applies when you are stupid.

Spekulatius

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Re: SVIN - Scheid Vineyards
« Reply #12 on: July 02, 2019, 12:05:32 PM »
Isn't the long-term thesis that the owners sell this to another rich man who wants a hobby at a very juicy price / acre? Consider me skeptical about the economics of the vineyard itself.
Yes, owning a vineyard is similar to owning a sportsteam, horses etc. in this sense - they are status symbol he super Rich and give them something to do. Scheid vineyards may not be good enough in terms of quality to be bought as a celebrity toy though.
« Last Edit: July 02, 2019, 01:21:06 PM by Spekulatius »
To be a realist, one has to believe in miracles.

Foreign Tuffett

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Re: SVIN - Scheid Vineyards
« Reply #13 on: July 02, 2019, 12:38:39 PM »
If someone is (1) interested in this space and (2) only managing their personal account, I think they would be better off trying to buy a few shares of the (brutally illiquid) CAOX, which is more of a landlord than it is a vineyard operator (over 50% of its owned acreage is leased to 3rd parties).

writser

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Re: SVIN - Scheid Vineyards
« Reply #14 on: July 02, 2019, 12:46:22 PM »
If someone is (1) interested in this space and (2) only managing their personal account, I think they would be better off trying to buy a few shares of the (brutally illiquid) CAOX, which is more of a landlord than it is a vineyard operator (over 50% of its owned acreage is leased to 3rd parties).

I have nothing to add.
When you are dead, you do not know you are dead. It's only painful and difficult for others. The same applies when you are stupid.