Seems to have been two things happen in the last two months: prices at both Woolies and Coles have decreased for Coke. And secondly there seems to be more "special deals" on Coke products in both stores.action speaks louder than words ....they talk up the second half while off loading a fair chunk of their holding.
This is one plus one = 1.5 -
Watch out if second half earning is not up to expectation ... I say 60% they wont achieved the desire 2nd half earning ....
When you have brokers and most people said this is the stock to have and
yadida and people see a price drop and they said let load it up it will takes sometimes
for the market to re-adjust its price.
CCL to me is expensive, they price for growth, defensive, good management, fund mangers and brokers love
Last half result see their growth gone, the good management bit actually not true, they have average management but because of coke position people think they got good management..look at
Terry Davis when he was at Foster anything good happening there? ....
If they are good managers they would never bought SPC in the first place...
haven't they seen the cost of manufacturing in Australia for the last 10 years and the power of coles and woolies?
Fund managers still love them and the so called defensive.
the next 18 months will see if these still hold true, and if not quick and rapid price adjustment will follow
so at these price there is no margin of safety .....when you buy stuff without margin of safety
things tend to go wrong more often than not
I still think it's expensive - $10-11 looks more reasonable to me. But it's a large cap - the price of these always seems close to "perfection" for mine (outside of utter panic, which is rare). Hard to see why people were paying 14x EBIT for this when I last posted.
Hello and welcome to Aussie Stock Forums!
To gain full access you must register. Registration is free and takes only a few seconds to complete.
Already a member? Log in here.
