Topic: How To Invest

Pat: Here is a question for you: I would be interested to hear your thoughts on Corby Distilleries. Thanks. Best regards.

Article Excerpt

Corby Distilleries Ltd., $17.11, symbol CDL.A on Toronto, and $15.99, symbol CDL.B on Toronto (Shares outstanding: 28.5 million; Market cap: $487.6 million; www.corby.ca) makes and markets spirits. It also imports wines. Corby’s brands include Wiser’s Deluxe and Special Blend rye whiskies, Lamb’s rum and Polar Ice vodka. The company is also the Canadian distributor of brands belonging to its large multinational parent, French firm Pernod Ricard. Among these labels are Chivas Regal, Glenlivet and Ballantine’s Scotch whiskies, Jameson Irish Whiskey, Beefeater gin, Malibu rum, Kahlua liqueur, Mumm champagne, and Jacob’s Creek and Wyndham Estate wines. Pernod Ricard’s wholly owned Canadian subsidiary, Hiram Walker, holds a 51.6% stake in Corby. Hiram Walker’s plant in Windsor, Ontario, produces 80% of Corby’s spirits. The remaining 20% comes from outside suppliers, including its formerly owned plant in Montreal. Corby sold this plant and several smaller brands for $39.7 million in October 2011. In March 2006, Corby bought the right to represent Pernod Ricard’s brands in Canada until September…