Recently invested in Coca-Cola (KO) and I am happy with how it is growing recently. KO is the world's largest non-alcoholic beverage company, with the widest moats in the consumer beverage industry holding diversified brands and most importantly an EXTENSIVE distribution network. KO was trading at 52-week highs of $42.70 yesterday after reporting better than expected Q1, 2013 profits on 16th April. A net income of $1.75 Billion or $0.39/share.
Disclaimer: I hold long position on Coca-cola (KO) and have no plans to execute any order within the next 72hrs. Would advise anyone to perform their own due diligence before investing at current prices, be patient for a decent pull-back before making a long-term investment decision.
Worldwide sales volume grew at 4%, led by Coca-Cola brand (3%), Fanta (6%), Sprite (5%). Eurasia and Africa saw almost 15% growth while Latin America grew a solid 4%. I am convinced that we will see the most growth in these regions.
The management continues to set the five core strategic priorities as follows:
- To grow sustainably and provide meaningful solutions that enhance the health and well-being of the communities they proudly serve
- To win with Coca-Cola while actively promoting the brand and the category
- To keep winning and executing with excellence at the point-of-sale
- To keep maximizing the value of our global beverage portfolio
- To encourage and inspire their system and associates to deliver on their mission
Disclaimer: I hold long position on Coca-cola (KO) and have no plans to execute any order within the next 72hrs. Would advise anyone to perform their own due diligence before investing at current prices, be patient for a decent pull-back before making a long-term investment decision.
Amazing Coke!
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