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Financial SkepticAccentuating the caveat emptor with critical commentary concerning investor relations and financial communications. I look at how information is (mis)managed and manipulated thereby creating possible investors losses. |
Remy Cointreau Pours A Stiff One
Posted on 10/20/2006 00:00 AM | Link | Post Comment
Remy Cointreau (REMYF) reported growth in sales of approximately 1.3% organic and 4.8% from their own brands. (Remy's wording) In particular the Champagne Department has done exceedingly well. The press release glossed over the overall decline in partner sales, which they attributed to discontinued distribution contracts. Absolutely no explanation as to what may be expected from this segment in the future and if there are more contracts that will be discontinued.
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