I'm short at 40 with a target of 32, but I expect
I'll have to be patient since the short ratio is so
high that CCE will probably find support at various
levels on the way down.
Concerning analysts: I'm sure
you know that what they say isn't always what they
For example, & putting CCE aside for a
moment, how often do you see a "sell" recomendation for
any stock? It's pretty rare, because the brokerage
houses have a built-in conflict-of-interest, and don't
often say anything bad about a stock because they want
to underwrite new issues & have relationships with
investment banks, other brokerage houses, & issuing
corporations which would be jeopardized if they actually
suggested to anybody that a stock should be sold, or
avoided like the plague.
So when you see
recommendations like "hold" "maintain" "perform in line" or even
"accumulate" it really means "sell"
like "out perform" are such tepid endorsements that
they are really more like "neutral"
If you hadn't
noticed this already, take a look at brokerage
recommendations for a few stocks chosen at random. Better still,
go back and take a look at recommendations made just
before stocks have taken a big drop.
The amount of
outright lying that goes on about stocks is perhaps the
highest of any area of society, and it's
I keep an eye on analyst recommendations only
because they have an effect on the price, not because I
give they any credence.
So could all those analysts
be wrong? Darn right, and they may even be doing it
Good luck, & profitable
If you disagree with: S@P eq research, DLJ,
Schroeder, AG Edwards, Goldman Sachs, Lehman, Bear Stearns,
Sanford Bernstein, and now Deutsche Bank, then yes CCE is
a good short candidate.
I am sorry, but all
of these analysts cannot be wrong. However, if you
think they are, then short it and prove them all
(Deutsche Bank initiated coverage on Friday, target price
Check out the Atlanta Constitution
article (last week) for news on CCE.
a very wealthy beneficiary of the CCE acquisition
trail. What all you smart " market watchers" and flunkie
market analysts fail to see is what CCE will look like
"long" after CCE owns it all. Within 3-5 years all the
acquisition expenses that have been eating up the the
operating income and diluting all your pretty industry
ratios will end. This cash will be unleashed to the
bottom line with more than enough to pay all the debt
and bump the dividend.( hopefully bought back by KO)
Take a little time and do the math. You will see a
pretty good side of this "pig with lipstick".
employees that post to this board has changed his
handle to "ccewatcher" and is disparaging our powers of
observation? My only hope is that TOOHIGH and the others who
have helped uncover the scam are not too offended from
being left off ccewatcher's "smartest guys on the
CCEWATCHER is right about CCE being
a different animal. IT'S A PIG WITH LIPSTICK ! ! !
I find it truley amazing that all the great minds
on wall street are on board with us "long" and the
two smartest guys on the internet, wrbt99 and
CCEsceptic, have the world coming to an end tomorrow. I true
look at CCE reveals an animal like no other. You can't
compare with KO or Pepsi as neither is truley a bottling
operation. One clue to the future value of CCE lies in the
$400 + million in operating profit generated by this
"pig". Once the acquisitions are over and CCE owns it
all, this baby will make big money, pay its debt and
will have no competitors because they are 2-5 years
ahead of PEPSI.
were all downgrades. DUH ! ! ! Your post said you
were not going to jump ship until "real" analysts
started downgrading. Have a nice swim.
are not far away, they are here now. 1998 full year
$.28/share earnings, $34 stock price = 121P/E ! ! ! On
Tuesday it was even better,$36 stock price = 129 P/E ! !
SP eq. research-top power
Schroder- perform in line
Goldman- mkt outperform
Sanford Berstein- outperform
not jumping ship until "real" analysts start
New highs are not far away!!!
for a real dose of reality click on the PROFILE
for CCE, then click on the RATIO COMPARISONS. CCE's
performance numbers are laughable . . . .look at Financial
Strength, Profitability Ratios, Margins, Management
Effectiveness, Revenue/Employee, etc, etc.
facts are that the Industry, the Sector and the S&P500
averages all blow away the pathetic operating results of
CCE, both on one year AND five year comparisons ! ! !
! It is amazing to me that any rational, objective
investor could possibly see how CCE could be sitting with
a 120P/E based on these results. Stock
manipulation, anyone ? ? ? ? ?
But heck, the numbers
are so lousy, maybe the only way they can go is up.
Good luck to all you optimists but it sure does look
like this thing has flown about as high as a bloated
pig can go ! ! !
CCE will eventually be the only bottler in North
America. Coca-Cola Consolidated may be the next to
19 percent growth and growing stronger. Earnings
were diluted by acquisitions.
increase in cash flow. Maybe CCEsceptic was looking at a
different earnings report.