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Coca-Cola Enterprises, Inc. Message Board

  • miscka02 miscka02 Oct 4, 2010 7:45 PM Flag

    Long term debt

    What will the long term debt for CCE be now?I understand KO assumed 9 billion dollars debt from the transaction.

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    • The balance sheet should look good with much of the debt eliminated. My question is what will sales and profits look like with what's left of the company.

      SCF

      • 1 Reply to stonecoldfish
      • Got this (below in quotes) from Morningstar. Not much but I am happy with my purchase yesterday and feel pretty good about the future. I read in another article that more details are coming in December:

        "The transaction is "the start of a new chapter in our history," said John Brock, CCE's chief executive, in announcing the finalization of the transaction. "Europe represents an outstanding platform for long-term, profitable growth, as evidenced by our recently announced, increased long-term financial objectives."

        Last month, the company said it is targeting revenue growth of 4% to 6% with earnings per share rising in the high single-digit range. It added that next year, it expects earnings per share to exceed long-term objectives due to share-repurchase activity."

        Let's say 8% is high single-digit that should increase price by $1.60-2.40. This on top of dividend and long-term is not bad.

 
CCE
53.90+1.940(+3.73%)Apr 28 4:03 PMEDT