Pepsi is the biggest steal in the S&P500 right now. Almost totally immune to economic forces such as Asia, and with two of the dominant brand names in the U.S. in Pepsi and Frito Lay. Regardless of that fact, I know there are some things more important to WEB than money, and one of them is the trust and respect of Doug Ivester and the rest of the people at Coke. Buying Pepsi is out of the question for WEB in my humble opinion. He has said many times that he'll pass up a good deal if he doesn't feel right about it, even if there is easy money to be made. This fits into that category.
Could you post your analysis of Pepsi. I am interested to know why you think it's a steal. I am not disagreeing as I know very little about PEP. Just curios as to what others emphasize when evaluating companies.
<<(Although he sold some MCD, he stated at the annual meeting he still has quite a bit of it, not enough to meet the $750MM reporting criteria for the annual report) >>
Really!!?? I didn't know we still owned any MCD. Thanks for the info.
Are McDonald's and DQ considered competitors? I'm not too sure I'd agree with that. I mean they *do* both sell hamburgers and ice cream, but somehow I perceive that their major markets don't really overlap. I can honestly say I've never asked my wife "Do you want to go to McDonald's or DQ instead?".
I have asked her do you want to go to "McDonald's and then DQ for dessert?".
Actually, I usually ask my wife, "Do you want to go to Taco Bell or get off your lazy vegetarian butt and cook us something instead?" (Just kidding!!!)
Anyway, here's some anecdotal evidence.... but the McDonald's's around here have gotten really crappy lately. Ever since the "Order Face to Face" thing was implemented I have gotten really bad drive through service. As in 3 of the last 3 times I've been to McDonald's they've screwed up my order.... and my wife had to go around the other day because they screwed up her order too. This is at a couple of different Mickey D's too.
I know most of you probably NEVER eat at McDonald's... being multibillionaires and all... so I'm just letting you in on the "word on the street". ;)