Bad day today. The recent weakness would have to reflect concerns about earnings, weak NA soft drink mkt., a licensing deal with KO or possible soda tax(or combo of those). Very tempted to buy more or sell naked puts.
This is a great buy opportunity. DPS ran up to high on the uphoric news of the Pepsi deal, the coke decision to buy out their bottlers, and the share repurchase. The momentum buyers that drove it from 26 to 37, are moving out, so we've moved back down to a more reasonable 32-33 range. This is a great place to buy for the inevitable move up toward 40 (over the next 6-12 months) as business improves, margins improve, dividends increase, shares are bought back on a cheaper basis, etc. Just my 2 cents.