CWGL - Recent Portfolio Sale: Vina Concha y Toro
No portfolio ever goes 100% as expected as laid out on paper. Today's stock sale falls into that category of dealing with the unanticipated. I've owned leading Chilean winemaker Vina Concha y Toro (VCO) for two and a half years, and anticipated owning it for many more. Unfortunately, that will not end up happening. Here's why.
Back in January 2016, I laid out the case for VCO stock based on its undervalued land holdings. Given that the company holds its vineyards and other land on the balance sheet at purchase price, it meant