Overlooked Alpha

Overlooked Alpha

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Overlooked Alpha
Overlooked Alpha
Vintage Wine Estates: As Contrarian As It Gets
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Vintage Wine Estates: As Contrarian As It Gets

VWE has plunged for good reason. But high-risk investors should be taking a very long look.

Wall Street and Main
Feb 12, 2023
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Overlooked Alpha
Overlooked Alpha
Vintage Wine Estates: As Contrarian As It Gets
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📍 TL;DR

  • Vintage Wine Estates has accounting problems, plunging margins, and an ugly balance sheet. Fundamental analysis suggests the stock is a screaming sell.

  • But the company and the stock have one enormously valuable attribute: time.

  • Turnaround potential is real, and valuation is reasonable if the business improves only modestly.

  • VWE looks like a “zero o…

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