where did you hear that ?Buffett has stated at a stockholders meeting when asked about tabbaco stocks , said that they meet his requirements for simple business but "in turn they kill people " the stockholder he was talking to said " i am glad to hear you say that. If he is buying mo i am diaappointed .
Danish Brewer Carlsburg was told by the EU that if they wanted to keep their distribution and sales deal which they made last year with Coca Cola for rights to Denmark and Sweden they would have to sell all their shares in their countries second largest brewer Bryggerigruppen. This is important for it is similiar to asking Anheuser Busch to sell their breweries in Milwaukee if they had an exclusive right to sell KO in Wisconsin. This just doesn't happen. For a brewer to give up a leadership position in their industry for a sales and distribution contract with an outside company. To do this they must feel that they will make a tremendous amount of money, maybe two to three times what they would have made with Bryggerigruppen. That is the power Of KO and it potential for the future is enormous. Companies in foriegn countries are tripping over each other in order to get exclusive sales and distribution rights. Don't worry about todays or next years price, for anyone who sticks around for the long run will be rewarded in spades. The PE that people always worry about does not include the trademark "Coca Cola" and Warren Buffett has that he would need $100 billion to even think about competing against KO, and he still wouldn't do it for KO has a 100 years of market entrenchment. No one will ever take the leadership position away from KO for it is part of the national fabric of every country in the world as apple pie is to America. What other product can you name that has such name recognition. Don't even bother thinking about it for there is none!!!!!!! GO KO !!!!!!!!!!!!!!!!!!!!!!!!!