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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: mister topes who wrote (2470)12/21/1997 2:22:00 PM
From: Trebor  Read Replies (1) of 42834
 
>Evidently the fools believe Coca-Cola at forty times next year's
estimated operating earnings is some kind of a great deal.<

I think what really bothers you Coke-bashers is the fact that those of us who own it are making money on it. That must really be annoying. The stock gained 3 points from its low on Friday and is up about 6% for the month of Dec. Wish some of my other stocks (like UTEK) were doing as well. Coke pays a nice dividend and if my Jan $70 covered calls expire worthless, I'll make another nice chunk of change there and further reduce my cost basis. Valuation, smaluation, I think I'll have another Coke.
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