CNBC covers the downturn in the Wine Biz

M_A_T_T_H_A_R_T_L_E_Y · October 13, 2009, 3:31pm

Holla…

Ted_Erfer · October 13, 2009, 3:35pm

Just watched the coverage of this — now posted on their site.
Brief interview with Richard Sanford included.

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M_A_T_T_H_A_R_T_L_E_Y · October 13, 2009, 3:40pm

Also posted on their web site:

Here it is.

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Peter_Metzger · October 13, 2009, 5:25pm

Now that CNBC has got a hold of the story, it’s probably a sure sign that wine pricing will turnaround soon.

ToddFrench · October 13, 2009, 5:31pm

Bob_Kaminski · October 13, 2009, 5:35pm

Still not seeing deals that I would say…I gotta have this at that price. Just not seeing it.

J_Singleton · October 13, 2009, 6:29pm

If only there were deals on CA and OR pinot…

Ted_Erfer · October 13, 2009, 10:06pm

The story was aired in four or five parts. The reporter - looking like a smurf - was standing in the rain.
One interesting comment was (paraphrase) ---- With all the great grapes available, it will probably go into Two Buck Chuck - and that will make TBC really good.

Oh well. CNBC covers wine almost as well as they cover investments. I was waiting for Kudlow to shout "They should cut the marginal tax rates on grapes and all would be fine!’