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'All it's doing is destroying value': Treasury Wine sheds $3b amid anger over US push

January 29, 2020

In a fiery conference call after a shock profit downgrade, Merril Lynch analyst David Errington blasted the company for its poor performance in the US. "Why are you persisting with this, why do you keep throwing money at it, why do you keep throwing the best resources that you've had ... the smartest minds are in this market and all it's doing is destroying value," he said.