Friday, December 13, 2013

Friday Afternoon Cocktails Anyone?

The answer appears to be 'no', taking a toll on the performance of European distillers & vintners over the last month and the last year:

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Revisions to sales growth estimates have fallen the most of any Consumer Staples sub-industry over the last three months:

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Meanwhile, valuations have yet to correct meaningfully:

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One company, in particular, has seen dramatic price declines on an absolute and relative basis:

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