Investing 501
Long only, value, special situations, deep value

Crimson Wine Group: You Can Buy The Wine For A 20% Discount, But Not The Stock.

In the past few years, investors have come to understand the investment opportunities that corporate spin-offs can provide. The successful five-year track record of the Guggenheim Spin-Off ETF (NYSEARCA:CSD) has highlighted this opportunity. This article is going to examine the investment merits of Crimson Wine Group (OTCQB:CWGL), which was spun out of Leucadia National (NYSE:LUK) earlier this year at around $7.30 per share. The company is not followed by Wall Street and keeps its conversations with investors to a minimum. CWGL doesn't issue earnings press releases, hold conference calls, or give guidance about the operations of its business. Most of the information about the company has to be gleaned from SEC filings and outside...

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