short answer - no in the short term - yers in the long tewrm - and between the two the likely scenario is the stock price will drop into the $8 zone
the big negatives are the loss of premium pricing because of australian distribution squeeze by woolworths and coles - and its not likely that will change a- and the shioft in general at a global level for all first world nations away from drinking carbonated bevverages for ehatlh reasons. the US parent has had severe profit downgrades for same reason
all that said - the 'hidden' upside is that coke will likely go back to selling for $2/l once global economic confidence gets bacxk to normal levels = which it hasnt seen since the GFC
When that happens CCL will once more be a $12/$13 stock based on current sales levels.
As i saod though - thats likelly to still be 1-2 years away.
So i wouldnt expect any quick recovery.
Indnesia potentially provides a silver bullet - but mgt said it would be contributing major profit 2 years ago and still nothing. So i wouldnt hold my breath,
The new CEO is out of her skillset and comfott zone - but will manage costs well. Shes a manager not a visionary. Nothing revolutionary but a long slow slog back to health,
CCL Price at posting:
$9.13 Sentiment: Sell Disclosure: Not Held
