Coca-Cola Amatil Ltd (ASX: CCL) – having reported a 21.3% decline in the group’s core Australian beverage business, the bottler of Coke has commenced a major restructuring program to strengthen its competitive position.
Management has stated that it is aiming for no further declines in earnings per share (EPS), which would suggest that the underlying 2014 EPS figure of 49.2 cents per share represents a base level for investors to build their valuations from.
CCL Price at posting:
$10.21 Sentiment: Hold Disclosure: Held
