it is getting interesting....

  1. 2,154 Posts.
    SRP's wine sales is outpacing the market in Australia and US by almost 15%!! Penfolds, table wines and Lindemands have experiences high growth in the August to October period.

    The weekly chart shows a .618 retracement via its 1990 lows 2001 highs in conjuction with a hammer and volume spike - it is either close to capitulating or it has capitulated on the weekly chart. The bottoming of the 13 year cycle is becoming evident on some stocks.

    According to my records (records differ from source to source it seems!) SRP is current trading on pe of 11 and yielding 5%. I hold as of today. The conservative should keep an eye for a higher low on the weekly chart before entry ? perhaps.

    Cheers

 
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