CWGLV - Crimson Wine (LUK Spinoff)

[Liberty]

http://brooklyninvestor.blogspot.ca/2013/06/60-yield-cwgl-crimson-wine-group.html

[zippy1]

http://brooklyninvestor.blogspot.ca/2013/06/60-yield-cwgl-crimson-wine-group.html

It mentioned that you can get 20% discount as a shareholder buying wine from Crimson. Has anyone actually tried it?

[OracleofCarolina]

some brief notes on the recent annual meeting for Crimson Wine

http://www.stockspinoffs.com/2014/09/23/crimson-wines-steinberg-tells-shareholders-will-get-rich-together-slowly/

 

[OracleofCarolina]

Sounds like he left rather abruptly.

 

Cheers!

 

 

 

Item 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective November 3, 2014 Erle Martin is no longer an employee of Crimson Wine Group, Ltd. (the “Company”) and as a result is no longer President and Chief Executive Officer of the Company. The Board of Directors is immediately commencing a search to fill the President and Chief Executive Officer positions. 

Effective November 3, 2014, the Board of Directors of the Company appointed Patrick M. DeLong, age 49, to act as interim President and Chief Executive Officer until such time as a new President and Chief Executive Officer is appointed by the Company’s Board of Directors. Mr. DeLong will continue to serve in and fill the positions of Chief Financial Officer and Chief Operating Officer, which he has held since July 2007, while also holding the position of interim President and Chief Executive Officer.

 

[Guest jeffswaldron]

Good day,

 

I like to browse Dataroma and look at the insider buys.  This company has had pretty large insider purchases, recently.  I see a company trading around book value with a very low return on equity. 

 

Any thoughts as to what the insiders are seeing (dreaming) here?  Also, any guidance as to how I can begin to value a winery would be much appreciated!

 

Thanks,

Jeff

[Value418]

Good day,

 

I like to browse Dataroma and look at the insider buys.  This company has had pretty large insider purchases, recently.  I see a company trading around book value with a very low return on equity. 

 

Any thoughts as to what the insiders are seeing (dreaming) here?  Also, any guidance as to how I can begin to value a winery would be much appreciated!

 

Thanks,

Jeff

 

It is a value play.  Most of the properties were bought some time ago and book understates market values of the properties substantially.  The question is will they do anything to unlock the value.