Motley Fool says core stocks (like CCL) are vital for any portfolio in that they provide a solid foundation to build upon and that investors should take advantage when there are quality companies trading at attractive prices, such as these.
MF has picked up on earlier remark I made that CCL is at a good buying (not shorting) point after being beaten down in recent months. It is one of the few top blue chips to buy in such a position, close to its 12 month low.
As MF points out, it has had its competitive pressures lately but while these are certainly justifiable concerns for shareholders to hold, Coca-Cola Amatil should be able to overcome these pressures and continue to strengthen in the long term.
CCL Price at posting:
$12.25 Sentiment: Buy Disclosure: Held
