California Grapes International, Inc (CAGR)

[tykundegex]

The drop of the euro can only mean good things for Chinese consumption of Spanish and French wines (and/or GDHI's margin). But indeed if the EU has less of an apetite for Chinese-made toys, then they'll be fewer Chinese middle-management buying European wine.

One trend I don't see reversing is the consumption of foreign goods in China. The pace of growth may slow, but I cannot see the actual growth stop. In that case, GDHI still has plenty of leg room.

June's conf call will be very interesting, and sets the pace, IMO, for the rest of the year.

Stu