I remember when I bought CCL it spiked downwards after the bali bombings - something to do with those wisened analysts believing that the "terrorist state of indonesia would immediately stop drinking coke and that earnings would be affected" (sic - the author disrespects none other than those wisened analysts) ... the school of fish promptly sold and I promptly bought :D ... never mind the fact that even if Indonesia stopped drinking coke, at the time it was somewhere around 1% of earnings.. if that... eesh!
Anyway, back to today - I think that there is more and more interest in the sector with the recent bid for schweppes by Asahi was it?
Its brands are unbreakable, its growth is repeatable, its earnings are good. Hmm come to think of it I havent visited its balance sheet in ages... might go have a look.
CCL Price at posting:
$9.05 Sentiment: LT Buy Disclosure: Held