Constellation Brands 3Q profit falls,...

Constellation Brands 3Q profit falls, shares drop

There are 3 comments on the WHEC-TV Rochester, NY story from Jan 7, 2010, titled Constellation Brands 3Q profit falls, shares drop. In it, WHEC-TV Rochester, NY reports that:

Constellation Brands Inc., which markets Mondavi wine, Svedka vodka and Corona beer, said Thursday its third-quarter profit fell 47 percent on restructuring-related costs and weaker U.S. wine sales.

Join the discussion below, or Read more at WHEC-TV Rochester, NY.

bigsingle

Rochester, NY

#1 Jan 7, 2010
One would not be able to tell with all the DRUNK DRIVING GOING ON IN THE STATE!
Frog

Carmel, IN

#2 Jan 7, 2010
This is a very smart company. They will make money for their stock holders for sure.
They are gettting rid of Widmers this year and will make money doing it.
When they decide to leave New York, probably in 4 or 5 years tops, they will make even more money for their stock holders as they should.
New York is no place for industry. We are turning into a welfare state such as Louisiana. Sad to say...
I am Human Capital

Dansville, NY

#3 Jan 8, 2010
Frog wrote:
This is a very smart company. They will make money for their stock holders for sure.
They are gettting rid of Widmers this year and will make money doing it.
When they decide to leave New York, probably in 4 or 5 years tops, they will make even more money for their stock holders as they should.
New York is no place for industry. We are turning into a welfare state such as Louisiana. Sad to say...
Yep, they made money from the write-off they got when they "donated" the Widmer facility to RIT. The Village of Naples just reassessed all properties, based on the jacked-up real estate market of the past four years. So if Cdga Wine won big by "donating" it at assessed value rather than selling it for less on the open market. And took it permanently off the tax rolls for the Naples school district. Unfortunate that they did not even offer commercial enterprise a shot at it. Don't worry, all NY taxpayers will foot the bill for that enterprise, just like they are for that useless money-hole they call the New York State Wine & Culinary Center. Don't even get me started ...

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