Down 39%, are Treasury Wine shares now a bargain buy?

Treasury Wine Estates Ltd (ASX: TWE) shares are on the rise today Shares in the S&P/ASX 200 Index (ASX: XJO) global wine company closed yesterday trading for $4.71. In early afternoon trade on Tuesday, shares are swapping hands for $4.82 each, up 2.2%. For some context, the ASX 200 is down 0.3% at this same time. Unfortunately for longer-term shareholders, today’s outperformance hasn’t been the norm for the stock, with Treasury Wine shares down 39.1% over 12 months. Although brave investors who bought the company at its multi-year closing low of $3.37 on 26 March won’t be complaining, with the…