Shares of TWE continue to rebound off of last week’s spike low of $15.65 and have reached $16.60 in early trade today.
The panic about a glut of Australian wine in China, combined with some minor licensing issues in the region appear to be overstated.
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TWE officials have reassured shareholders that they are confident in their business model in China and the company will maintain positive earnings momentum globally.
Considering that TWE has been one of the best growth stocks on the ASX over the last 3 years, and traded as high as $20.20 just over a week ago, we suggest investors look to add to holdings at current levels.
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