I was long Concha y Toro back when it was listed in New York. The bull case here is they own a bunch of valuable real estate including some prime parcels around the Santiago urban area which would be worth way more than they are carrying at. Instead of sharing this wealth with shareholders, however, they delisted the company from New York and have done nothing else to market the stock.
I have reallocated my funds there to CCU, the Chilean monopoly (60% market share) brewer that also operates Gato Negro, the large mass market Chilean wine brand.
I was long Concha y Toro back when it was listed in New York. The bull case here is they own a bunch of valuable real estate including some prime parcels around the Santiago urban area which would be worth way more than they are carrying at. Instead of sharing this wealth with shareholders, however, they delisted the company from New York and have done nothing else to market the stock.
I have reallocated my funds there to CCU, the Chilean monopoly (60% market share) brewer that also operates Gato Negro, the large mass market Chilean wine brand.