budget impact - just what ccl didnt need

Unemployed, university and low income all getting a budget tightening.

I think I will have to qualify my view that CCL domestic earnings had bottomed - this budget will certainly hit those sections of the Australian population with the highest % of their budget spent on soft drinks.

Its not going to prompt another free fall in the stock price But this has likely turned before domestic earnings started to lift from 6 months into 12.

IMO CCL goes from buy to hold. Better opportunities elsewhere in the stock market. But will still reward a very patient 2+ year investor.
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DYOR