Unbelievable! Strong brand,record profits, a good dividend, maybe a raise soon, billions of $ in share repurchases etc... but LITTLE rallies are short-living.Markets seems more willing to sell it than to buy it.
Should get announcement of divy increase later this week. Holding til annoncement.
We are up nicely since before the report. i decided to sell out today at $68.55. I think we will hover between $67 and $69 for a while so I will look for a lower entry as it moves around.
S/B trading around $72/share now...
Part of the retreat started whith the orange juice issue and then Pepsi's poor performance brought it down.Not logical but the market is like that.