CCA must be having issues getting decent volumes this year on Coke. I cant remember the last time i went into Coles and didnt see them occupying a prominent position on an aisle end near the entrance with heavily discounted product sitting on a pallet. Today 40% off a Coles.
Im also told not only do staff at North Sydney office get free drinks from the kitchen fridges, the taps have the cold water function on the filterhead replaced by another hot so staff have to get a new bottle rather than just filling up.
Pretty desperate, and not a great example.to set in a world trying to cut down on PET bottle waste.
The shareholder update will be very interesting. Talk of a sugar tax causes me more concern.
At current price im out and going short!
CCL Price at posting:
$9.21 Sentiment: Sell Disclosure: Not Held
