FGL 0.00% $5.38 foster's group limited

good profit announcement, increase in div

  1. 3,567 Posts.
    More dividend, more profits to come in 2004. Looks like this stock will go back to $5.50+... (finally!!).

    Also keeping in mind they are set to get a windfall selling their pubs... but market might worry about a future wine purchase. Personally I think they have proved themselves with Beringer, another purchase would be quite welcome for me.

    Also note cashflow from wine increased to over $300m, something the market was worried about a year or two ago.

    Cheers,
    Munch.
 
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