Not particularly concerned. They've recorded revenue growth over a 5 year and 10 year period despite this shift towards healthy eating.
In addition they have significant operations the wider Pacific region including a sizable Indonesian operation - I don't see the same obesity problems occuring in Indonesia that we have in the West (genetic factor?), so the long term growth picture there still looks solid. The fact the country is 10x the size of Australia gives some comfort with regards to the potential market size there, in my opinion.
CCL Price at posting:
$9.08 Sentiment: Buy Disclosure: Held
