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The Coca-Cola Company Message Board

  • canucanoe1 canucanoe1 Jul 17, 2007 10:05 AM Flag

    KO worth $71?

    You want buybacks? You worship them or understand their destructive power?

    Dec 2005, KO had 2.375B shares outstanding, Jun 07 they have 2.326B. In 2006, $2.5B was spent on buybacks. So far this year, $1B. That's $71/share folks. Management can't figure out how to grow the business, so it is shrinking the capital base on you. And you pay for this performance? I would suggest that paying $71 for a lumbering, slow growing giant like this is absurd. You would be better off with a $1.50 special dividend, or different management.

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    • You want buybacks? You worship them or understand their destructive power?

      Dec 2005, KO had 2.375B shares outstanding, Jun 07 they have 2.326B. In 2006, $2.5B was spent on buybacks. So far this year, $1B. That's $71/share folks.<<<

      Sorry, only fools would listen to your persintent negative spamming.

      Besides executive compensation from stock buybacks, repurchased shares are also used for stock purchase plans for everyday KO employees, a necessary employee benefit offered by quality companies. Many companies float extra shares to do this. KO doesn't, meanwhile continually reducing outstanding shares by a more than reasonable amount. Plus, KO also consistently raises its dividend to consistently better levels compared with the average for S&P stocks.

      • 2 Replies to alimena2us
      • Alimen... Canoodle and I disagree on more than our share of matters, but we couldnt agree more respecting KO mangement and prospects. These days, PR seems to be the Dept of choice.

        There are sound reasons that KO has halved over the past 10 yrs and Canoodle has been kind and diligent enough to point much of out, to those willing to listen.

        BAsed on your outbursts these past quarters, I suspect that you are a. a stubborn investor, b. employee of or otherwise connected to KO or c. hooked on holding US classic icons in your portfolio.

        PEP has shown vastly superior management for the past decade. That is the reason it has had such a superior return.

        alpha

      • alimena, you are totally correct re:

        >>>Besides executive compensation from stock buybacks, repurchased shares are also used for stock purchase plans for everyday KO employees, a necessary employee benefit offered by quality companies. Many companies float extra shares to do this. KO doesn't, meanwhile continually reducing outstanding shares by a more than reasonable amount. Plus, KO also consistently raises its dividend to consistently better levels compared with the average for S&P stocks. <<<

        Which means it is not free cash flow then, right? You can't have it both ways. It is an expense. However, I did get a chuckle on how you contradicted yourself. KO is floating "extra shares" and then buying them back.

    • International case volume +9%.

      Why do you always ignore the real growth, for the real thing = international.

      Got KO? My BRKb does >8.5%.

      • 3 Replies to reinsurance.icon
      • Coke is the most recognized brand in the world where people have 2 coins to rub together. It costs 2x a glass of wine in some countrys. That is why I bought it as a long term globalization play.

        Van

      • lol! regarding:

        >>>International case volume +9%.

        Why do you always ignore the real growth, for the real thing = international.<<<

        Such nebulous talk. I discussed where the highest margin markets are and their performance, that flagship soda growth is barely within management forecast (4%), that management is flooding the market with stock and buying it back at $71/sh, and you want to talk about "international"?
        Well, I guess anyone can cherry pick. Talk substance and it could get interesting, though.

 
KO
42.25+0.05(+0.12%)Sep 29 4:00 PMEDT

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