Tuesday, October 19, 2004


I'll comment further later, but had to post this great quote from Richard Sands, CEO of Constellation Brands:

"You have to crush grapes to make good wine, but you don't have to crush a wine company to make shareholder value," Sands said in a conference call with analsyts. "We wanted to make sure that the board of directors of Mondavi and the shareholders had a full and attractive offer to compare to basically crushing the Mondavi company."

Classic, and well said. Hopefully the board of Mondavi realizes the error of their ways before they finish carving this thing up.....


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