Opinions
Keith Richards
Coca-Cola Consolidated, Inc. (Bottling)
COKE-Q
BUY
Mar 11, 2014
$87.160
Stock price when the opinion was issued
food processing
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DON'T BUY
Do I want to bet against Warren Buffet? Sugar and fizzy water? Will it sell to Millennials? An unbelievable track record of making money for 100 years. He prefers Doctor Pepper. 70% of profits of COKE-Q are from outside of the US and the high dollar de-values their profits. Doctor pepper is more domestic.
food processing
COMMENT
PEP-Q vs. COKE-Q. He would be more inclined to take Pepsi as they diversified better and the growth has been better over the last few years.
food processing
BUY
Allan Tong’s Discover Picks Any discussion of Pepsi inevitably invites comparisons to Coke and not just about taste. Both soft drink producers have beaten their last four quarters with Coke most recently in late July coming in at $0.70, just beating the street’s $0.67. Revenues of $11.30 billion beat the expected $10.57 billion. COKE stock reports on Oct. 25 and the market is clearly bullish at 11 buys and three holds while targeting 20% higher to $66 a share. Read 3 Fast Food Stocks to Nibble On for our full analysis.
food processing
The chart might be finding support at around $37. Looks like head and shoulders formation, but he doesn't assign those formations to such a large company. But he thinks that at $37 it is a safe buy.