If this is what a bad quarter from Coca-Cola (NYSE:KO)
looks like, it's not hard to see why the stock carries a rich multiple.
Even in one of the weakest quarters in a long time (from a volume
perspective), Coca-Cola did well with its margins.
Add in the possibility of improving the company's global operations,
particularly in fast-growing markets like China and Indonesia, and the
long-term prospects still look pretty good. Alas, the stock still isn't
anything close to “cheap” and is unlikely to become so anytime soon.
Read more here:
http://www.investopedia.com/stock-analysis/071613/even-when-cocacola-stumbles-it-does-okay-ko-pep-kof-bud.aspx
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