Two days after I bought into Treasury Wine Estates (TWE.AX), the company had an investor day where they announced that they would focus on luxury and trendy wines and greatly reduce the number of brands and product lines. They also said that they were reviewing their US operations and were getting good sales growth in China–better than other wine producers. Investors were very happy with this presentation and the stock is currently up 13%. I bought another 7,500 shares to get to 17,500.
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