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The Coca-Cola Company Message Board

  • wwsc123 wwsc123 Apr 15, 1998 12:02 PM Flag

    Is the BOD over? any split announce?

    KO is going down as of 12pm ET. Anybody knows if Board of
    Director Meeting is over? It seems like no split has been
    announced, 'cause the stock is oulling back!

    Any info is greatly appreciated.

    WWSC123

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    • Coke sells at approximately 50 times earnings, 10 times sales, 27 times book value. These valuations are unprecidented and
      not based on logic. It earned $1.65 last year and will earn a little less this year. Can anyone tell me why this "growth stock"
      sells at a price as high as it does? Based on fundamentals and even accounting for the brand name, this stock should sell at less
      than half of its current price. The only split that should occur is a downward correction in the price of the stock. In addition,
      when Warren Buffet sells his position or when he dies and his successor sells, the price should rapidly deteriorate.

    • talked with investor relations this morning.

      as you know, earnings were announced this morning.
      said board meets this after noon.

      from what they told me, very unlikely a split at this time.
      although board could do something which would be after i talked with them, its very unlikely.

      they acknowleded the rumors were high last week because ko went into the 80"s range.

      dont think they will split. usually thats announced with the earnings. dont think they will make separate announcement.

 
KO
42.39+0.8400(+2.02%)Dec 18 4:00 PMEST

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