Wrong. Try 1.6% from Russia. But hey, you're only off by 1,025%.
From WSJ, March 3, 2014:
"Atlanta-based Coca-Cola Co., the world's largest beverage company by revenue, is less exposed to Russia than PepsiCo. The maker of Coke, Minute Maid juice and Sprite doesn't disclose its Russia revenue but derived only about 1.6% of its volumes from the country in 2012."
The fact that Coca-Cola represents 42% of the consumed soda, while Pepsi is in the mid 20 percentile, I think the investment choice is clear.
You made me laugh! - THX for the chuckle!
Sentiment: Strong Buy
With KO getting 18% of its total company sales from Russia, lets see what happens when the @#$% hits the fan. Shorting KO here. $30.
First ... no to KO + beer. They are beverage companies that do not complement each other.
Second ... KO did not invest in coffee. GMCR will release a home machine for carbonated beverages, which prompted KO to hedge their bets by getting in on the action.
I get the impression you're being sarcastic in which case I agree (chickens are flying the coop & there's no weasles in sight.)
I have no stake in KO but if it would take dive I would buy in.
It would have to be a significant dive as I don't much care for their investment in GMCR.
However; if I was already long I wouldn't be in panic mode.
As someone who's still on the sidelines I do have a question.
Why didn't they just secure a licensing agreement like everyone else?
GMCR would have kissed the entire BOD's feet to license Coke products on a new fizzy platform!
KO didn't need to lay out any cash as the brunt of capex to ramp up production of new SODA competitive hardware would have been born by offshore manufacturers (GMCR contracts fab of machines...)
I bought GMCR sub $19 (caught the falling knife) & sold $60 strike calls which got assigned after ex Coke exec became CEO.)
Coke is over paying for access to a market they could have gotten for free...
I'm still interested but would like a larger MOS due to capital allocation decisions & uncertainty surrounding fizzy bev unit volumes.
.................. buffalo solider..... ... fightin on a rival..... fightin for survival.... ..... ...
He has authorized a take over of all Coke facilities and will bottle his own Puttin Cola with his picture on the bottle. hilled Puttin.
I believe moving into coffee beverages would be a better fit. The 10% stake in GMCR could be an indication of further diversification into a growing segment.
the P/E is to high for a very slow growth stock. the div is whats keeping this up at the time. sold at 38.20 and would buy back later but that pe needs to be in line