Penfolds for a pretty price, Treasury Wine Estate (ASX: TWE)
This investment note a high-level summary of an investment opportunity in Treasury Wine Estate (ASX: TWE) with an estimate ~30% upside based on a current share price of $8.08 per share. We see two catalysts to unlocking shareholder value in the medium-term (1) Sale of Treasury America’s and Treasury Premium Brands, and (2) Resumption of Australian Country of Origin wine in Mainland China. We also believe that TWE, based on its current valuation, presents an attractive takeover target which could similarly catalyze a result in share price appreciation to its fair value – although, that is not purpose of this note.
Fisk Capital 