The Coca-Cola Company Message Board
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KO lower today
I hope it continues to drop lower so I can buy more. GS downgraded KO from convictional Buy to Neutral. Keep on downgrading you idiots !! Maybe these investors will sell off so I can buy more !!
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It's topped out short term. Markets are due for a minor correction also. I'd give it at least a few days before you buy. You should get in $38.50- $38.75 easy. But we'll see. I think these guys downgrade more on technicals than fundamentals. Funny how the downgrades come after a top. Nothing wrong with KO per se.
- 1 Reply to davesmith49
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The fundamentals say it's highly overvalued. Sure, technically it's near a high but they downgraded it because it VERY expensive given it's future growth. It's p/e is at the high end of it's 5 year range. A p/e of of 20 is VERY high for KO. Wait till all this data updates after the split and then you will see.
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They downgraded it because it's overvalued. The 2nd thing to remember is that all the consumer staples(XLP)are at the end of a long "fear trade" which is coming to an end. Sector rotation is occuring.
http://www.thestreet.com/story/11653673/1/book-profits-in-overvalued-consumer-staples.html?puc=yahoo&cm_ven=YAHOO- 1 Reply to jaquecroissant
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When a GS analyst downgrades a stock, you can bet they're planning on buying it.
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