Coca Cola Amatil is underperforming for good reasons, and it may...

Coca Cola Amatil is underperforming for good reasons, and it may take some time for it to escape these headwinds.
It will probably be a bargain, but not until some time in the future.

Coca Cola Amatil is not necessarily a bargain at the moment as it hasn't dropped by a decent amount since from its downgrades and has a very toppy p/e ratio. It would be better value around $11.00+.

The ongoing price wars particularly with rival Schweppes and the major supermarkets don't seem to have gone away and therefore don't set CCL up for a short-term share price recovery. Their next quarterly update may simply reinforce the fact that their competitors are knocking their earnings around still.