No one on this board has mentioned KO's
Dividend is in fact not negligible. At current price,
dividend of $0.68 a share is almost 1.5% return per year.
Capital reinvestment for KO to grow is so small that they
can reserve a big part of their profit for dividend
and yet they still have money left to buy back their
Still, they maintain a 12-15% growth rate and
dividend they give increases consistently.
risk of buying KO at current price is very low for an
long term investor. Ko should have found it's bottom
I asked that same question (about PEP) at the PEP
board about a month ago, but never got any response
either. Perhaps nobody knows, or perhaps they have been
silenced by the evil shorts! (except for Mikie; he's not
evil, of course).
I-Watch have any validity? I noticed KO's chart
for Friday(and now Monday) is almost all blue and
that 75%(today 50%) of the trades were
institutional. The amount of blue and institutional trades is
much higher for KO than any other
stock that I
checked. Can this be a good sign of things to
is not to be used to determine if the dividend is
too high. Net Income is what is left after all costs
and from that, dividends are paid. Dividends even
come after taxes.
Check the chart. The dividend
is higher than net income for the last fiscal year.
This means the company got smaller even though it had
profits. It returned all profits to stockholders and then
gave some retained earnings from the previous year.
No company can continue to do this and I don't think
KO will. We agree, the current fiscal year will
probably be profitable and will be higher than last year.
But, I doubt that KO will come anywhere close to $1.50
a share, which would give it a PE of 30 at the
current stock price.
You are correct that the
company directors and officers, along with supporting
investment houses know more than we do about future
prospects. All I'm doing is looking at the past four years
and have a hard time believing the company will turn
around in a year.
For those who own KO stock, I
hope you are right. If Daft pulls that off, he will be
man of the year.
you such a weenie?-----
You do have a certain flair with words '-) Now I
don't mind you getting me in trouble with canu, because
I am always getting in trouble with canu. But I
think bdparts is a Berkshire Hataway shareholder whose
interest in KO is probably genuine. I am not sure I have
the time to dig through musty archives to answer his
questions, but I have it on my to do list.
bowboe, and please, for my sake:
Never wear white
shoes before Easter or after Labor Day, never chew gum
in public, and NEVER date your sorority sister's
ex-husband until at least three years after the divorce :-)
We bowboes have to keep up appearances '-)
>>>(Canu: I think only india and russia
may require write-offs as KO want to develop these
markets rapidly and these markets is not doing well now.
I can only present the KO and/or KO bottler
writeoff territories I know about so far:
Russia, U.S., Latin America, Brazil, Venezuela,
Philippines, S. Korea, Germany, Eastern Europe.
most of these were not
>>>Bottler in other area might not need write off as long as
they don't realize a big loss that may make them
bankrupt or make KO think the bottler will not be able to
operate anymore unless after a write-off. What do you
Actually, I think some bottlers can writeoff and keep it
off of KO's books. Look at CC-Amatil's huge writeoffs
in the Philippines and S. Korea. First note that
they bought these companies/assets from KO just 2-3
years ago, and already almost a billion in writeoff.
But, even though KO owns ~40% of Amatil, the writeoff
of February is not on KO's books because Australia
assets were "written up". So to a KO shareholder, I
think that the accounting is not reflecting reduced
business prospects in these regions. Because at CC-Amatil,
the Philippines and S. Korea writeoff action does,
while the Aussie writeup is just wallpaper so that KO
and San Miguel did not have to take a writeoff.
Overall, less syrup will be sold by KO to
>>>Dividend is greater than EPS, I might be wrong, but I
think cash flow should be used instead of EPS. And that
will draw a different conclusion. (canu?)
There is a higher ratio of cash flow going to the
dividend. But then again, many valuation ratios (ex:
current ratio) have degraded substantially for 5-6 years
now. The trend of these ratios is not a friend. But
most are not looking at them.
Only at First
Call analyst estimates and bottler sales figures.
Why do you have to be
>>>KO may grow 15% as Daft has said. After all, the man
has had experience in growing Market share (even if
canu would like to imply it was all smoke and mirrors)
I only asked that one explain this terrific growth
of the past 5-6 years. Post the yearly rev and
earnings numbers and give the compounded growth. Is it
much more than low to mid single digits?
wants to "hope" for better future growth, let's not
simultaneously ignore actual performance...
Maybe the P/E isn't just a mistake, as I
orginally thought, after all. However, always thought that
one-time charges/profits are never calculated in the P/E.
Apple Computer, for example, has gotten big gains every
single quarter for the last year or two off of selling
stocks or other assets, and the one-time profits are
never included in the P/E. Also, on CNBC and wherever
else KO's earnings were reported, it seemed to me like
the 22 cent profit was used as KO's real results;
therefore, the P/E of 72 is in fact misleading (even though
KO's real P/E is still higher than many people would
like it to be).
RE: This guy has posted under various names over
the past couple of years on the KO board. His message
is always the same. KO Sucks. He continues to tell
us how smart he has been by shorting KO and all the
money he has made doing so. Big Lie. Get a life milk.
Walk the dog, cut the grass, make love to your wife,
drink an ice cold Coke. Go to the PEP board. GET
1) Assuming that there is some validity to
"Ignorance is bliss"...., you must be one happy
2) Here's "the" deal for you, Dr. Duck......, I will
bet you $1,000, giving you 10 to 1 odds that I have
not used other names on this board or on the board on
AOL. Thus, put your money where your mouth is....,
uh..., on second thought forget about where your mouth
has been..., just be willing to accept the offer and
we will find a 3rd party to embrace the funds for
future delivery to me.
3) Please find ONE message
here or on AOL which I have posted since September
1999, that I have said or indicated that KO "sucks" as
you so attractively put it.
4) True, I have
indicated that I began shorting KO about 6 months ago,
which was about a year late. I also pointed out that my
knowledge was proved to be unremarkable as I have always
covered too early. My "bad".
5) I, truly, feel
sorry for your family and friends (well..., people who
know of you)...., for someone to post the hateful
thoughts as you have done reflects a deficiency of good
character (the quantitative and qualitative measurement of
how one treats and reacts to one's
6) I suggest that you either sell your KO or just
forget about it and revisit in 10 years, go out and look
at a beautiful sunset, take a deep breath, and
appreciate what you have, and...., above all......, attempt
to treat those around you with kindness and respect.
I think if you take this "medicine"..., you may
lose some of the unattractive attitude you