Business Services Industry
Has our cup runneth over?
Australasian Business Intelligence, March, 2002
Mar 18, 2002 (The Age
ABIX via COMTEX) -- The wine industry in Australia has experienced increased stock prices for companies. The heady export figures and predicted tonnage of 1.5 million tonnes in the grape harvest in 2002-03 make the industry seem unstoppable. Increased investment in the industry has naturally flowed into wine stocks. Companies such as Peter Lehmann Wines, Brian McGuigan Wines and Evans & Tate have all enjoyed investor support. All have performed well, with interest from larger producers boosting values. Yet investors need to watch that merger hype does not give way to lowered expectations. This has been the case in stocks such as Foster's Group and Southcorp, both successful in mergers but finding lessened market interest later.
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