Great company, but lets face it, KO is WAY TOO EXPENSIVE.ALL stocks in the XLP are overpriced.
nonsense.Mighty KO traded in the mid nineties nearly 15 years ago when it was 50% smaller in revenues.i think we're seeing a super bull cycle which will take this to $100. What are you going to do, sell and buy a bunch of tech junk?no thanks.
BearPundit agrees with you:http://bearpundit.com/2012/08/07/overpriced-great-dividend-stocks-are-still-overpriced/
I see some over bought situations temporarily, but, then, there are people that just need to park their money on a blue chip and get a dividend and sleep at night. So, this one is really buy on dips and keep on waiting for the uptrends to kick in.
I totally agree with you. All these consumer staples stock are highly overvalued.I say short XLP now. Fear trade is OVER.