Back on February 15th, TWE announced that their first half net profit doubled to $136 million. Since then, the share price has traded from $11.20 to an all-time high of $13.63 yesterday.
We suggest taking profits in this price area or writing at-the-money covered calls to enhance the portfolio returns.
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There’s no question that TWE has been a well-managed, success story in the beverage space and we’ll follow the ALGO engine to buy back in at lower levels.
Treasury Wine Estates
