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Russell 2000 Futures
Crimson Wine Group, Ltd. (CWGL)
Other OTC - Other OTC Delayed Price. Currency in USD
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14 reactions on $CWGL conversation
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Good news from a competitor ( Jim Bernau, Founder/CEO of Willamette Valley Vineyards) : "Though we experienced a dry winter and warm summer, cooler temperatures came at the perfect moment to give our fruit longer hang time on the vine and allow for more flavor, aroma, color and tannin development. The cooler nights also help retain the natural acidities in the grapes to keep our wines fresh and balanced. With slightly below-average yields and no disease pressure this season, we have the makings of a very high-quality vintage." I wonder if nearby Archery Summit has experienced the same type of great harvest?
Today's annual meeting was excellent. But,......but, but but: Expect this year's harvest of grapes to be down from last year due to weather; covid related costs are significant; prime customers , namely, restaurants that serve wine at their meals, are down and nobody knows when they will reopen and when their customers will return when they do reopen; and most of all, shareholders need to be patient. That probably means that shareholders will likely be disappointed in the company's results until their patience is finally rewarded. When will that be? Not for awhile, maybe a long while. Good luck to all longs. Remember: be patient!
Not great news:
On December 22, 2020, the Board of Directors of Crimson Wine Group, Ltd. (the “Company”), based on the recommendation of the Audit Committee of the Board of Directors (the “Audit Committee”) and in consultation with management, concluded that its unaudited interim condensed consolidated financial statements for the three months ended March 31, 2020, the three and six months ended June 30, 2020 and the three and nine months ended September 30, 2020 (collectively, the “Interim 2020 Quarterly Financial Statements”), and its audited consolidated financial statements for the years ended December 31, 2017, 2018 and 2019, can no longer be relied upon as the result of material accounting errors identified by management.
Slight;y more than 50% of the shares are held by about 5-6 entities/individuals. A poison pill has been put in place. Wonder what these two observations might suggest?
Anyone notice the number of shares traded today? 1,475,000 so far.
Wow, this company is totally off the radar... trading at $5 and change per share with more than $8 per share in tangible book? I am a buyer here. Not expecting miracles, but see limited downside from these levels...
20 times normal volume today. Who I wonder is buying.
Why the heavy volume lately?
Whew! Heavy volume today. Who is selling, who is buying?
Fires. Anybody in California, Oregon or Washington know if any of the wineries have suffered any fire or smoke damage?
Is CWGL worth holding on to? My cost basis is around $7.00
Sounds like a good new CEO.
Ok-so what's happening here? I can't remember when it's moved like this on so much volume.
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