High-end brands benefit its investors

Article Excerpt

ANDREW PELLER LTD. (A shares) is a buy for Successful Investors. The company (Toronto symbols ADW.A $14 and ADW.B $14; Income Portfolio, Consumer sector; Shares o/s: 44.2 million; Market cap: $618.8 million; Price-to-sales ratio: 1.6; Divd. yield: 1.6%; www.andrewpeller.com) began operating in 1961, and is Canada’s second-largest wine producer, after Arterra Wines (formerly the Canadian division of Constellation Brands.) The company continues to expand beyond wines. For example, it recently launched a new craft beer called No. 99 Rye Lager through an alliance with hockey star Wayne Gretzky. The company will probably earn $0.68 a share in its fiscal 2020 year, ending March 31, 2020. The stock trades at 20.6 times that forecast. That’s a reasonable p/e as demand for Peller’s premium-priced wines and other beverages remains strong. strong. …

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