Chart: Share price over the year to versus ASX200 (XJO)
The soft drink bottler is trading well above our fundamental valuation, at a significant premium to its domestic defensive peers and well above its price/earnings five-year average. With potential downside risk to its longer-term returns in Indonesia, as a result of the Asahi/Indofood joint venture, I would be looking to take profits.
Source The bull.com
Some upside risk in ccl, trading at p/e ratio of 19.. 19 x earnings. Me thinks writting an at the money naked or coverd call aganst ccl if you think there is not much more in terms of upside. Also technically trading close to 52 week high.... Keep sn eye on this one punters
Disclosure... These are my opinions only... and in no way do i advocate a buy, sell or a hold on ccl. DYOR
CCL Price at posting:
$13.87 Sentiment: None Disclosure: Not Held
