tag:blogger.com,1999:blog-2149523431587168680.post8726401201007842416..comments2024-01-16T00:12:23.220-05:00Comments on Oddball Stocks: Do the Disappointing Scheid Vineyards Results Show a Bad Business in Decline?Nate Tobikhttp://www.blogger.com/profile/05660387777171986124noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2149523431587168680.post-57191782915790801592019-07-01T17:52:21.717-04:002019-07-01T17:52:21.717-04:00Sobering...I was one of those who got excited with...Sobering...I was one of those who got excited with the SOTP evaluation. A debt-fueled expansion with no consideration paid to ROIC. This sentence really nailed it: "Nobody who has done an asset valuation writeup of this has commented on the deteriorating profitability and margins, or the fact that management has responded to it by taking on more leverage to make much bigger investments in the business."Ramus Winedothttps://www.blogger.com/profile/00628548780280461461noreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-4339336661329685782019-07-01T16:51:13.127-04:002019-07-01T16:51:13.127-04:00Good times -> over-investment -> weak prices...Good times -> over-investment -> weak prices -> bad timesAnonymousnoreply@blogger.com