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Willamette Valley Vineyards Inc. Message Board

  • networthdev networthdev Mar 31, 2013 9:31 AM Flag

    WVVI, 40.2% increase in 2012 profits

    Nicely done!!! Managed the business through a difficult economy, and out of a difficult distribution model, with increasing margins, 40.2% increase in profits, AND most important, another year of SIGNIFICANT cash generation. OVER $1 million dollars of NEW cash generation, and CASH on the balance sheet of OVER $4.5 million, OR $1 per share for our $4 stock price!!!!! :-) All while growing revenue consistent with USA wine consumption statistics. The foundation is being built, and the sails are starting to turn into the wind.

    Congratulations to the team at WVVI, another year of hard work, significant accomplishment, and out running/smarting a difficult economic environment.

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    • Actually increased cash from operations this year to $2.5 million, versus $2.2 million last year. That allowed them to add A MILLION of that CASH to the cash balance on the balance sheet, for the $4.5 million in CASH. Very nice, in addition to wine, and beer, cash is very dear to my heart. :-)

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