Effect of California Proposition 37 GM food labeling initiative passage or non passage
I was wondering if anyone has seen any analysis on what short or long term effect this could have on KO earnings? Would the market for KO stock react on November 7 if the proposition passes?
The reason I ask is that Coca-Cola has spent a significant sum opposing the measure along with Pepsi co, Monsanto, Dow Agri etc. etc. Therefore I assume they would view its passage as being negative for earnings.