When it comes to cheap red wine, I am a fan of Bully Hill's "Sweet Walter." Stuff is sweet as hell, but potent.
I'm working on a bottle right now.
I always see that at the store and always think about trying it, but always end up passing it over for something else. I usually only like dry red wines, I tried and hated port one time. I bought "Fat Bastard" one time just because of the name, sounded like just the wine for me