whats happening, page-2

My feeling is that there is a general downward trend in the booze/wine sector due to the coming wine glut compunded by the decline in beer consumption.
Whilst these are legitimate concerns I think the sector has been a little oversold and should move up a little over the next few months....nothing too dramatic though.
I have recently purchased fgl on the basis of a decline in price against an increase in revenue. I think they will move back up to the 4.70 area.

DONT FORGET....feb 11th they will announce a dividend that should be 9 or 9.5c.....That should see them move up a bit.
Southcorp moved up today.
The safe haven nature of FGL is a big plus in these times and their wine business is at the lower price end of the market so is robust against americans staying at home.
Obviously I own FGL so don't listen to me!