If you want some evidence this is my post from 11/4 - SP was at 9.82 then.This was referring to the EBIT downgrade of circa 15%.
'NPAT H1 2013 was 215.9m, take off 15% - looking at 183.6m. Annualising to $367m, based on yesterday's closing price - current PE 23.7. Even after the drop today it's over 20.'
A health conscious consumer is a major problem for the company. Moving into highly competitive areas such as water/alcohol won't be as profitable as their soft drinks is (was?).
Best, A.
CCL Price at posting:
$9.11 Sentiment: Sell Disclosure: Not Held