Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: zTrader_77 who wrote (1080)	6/16/1997 10:23:00 PM
From: HH	of 94695

kirby, Interesting post ,however my interest is trying to figure out all those sophisticated investors also, who are buying and holding big cap stocks such as KO . Coke has a market capitalization of 180 billion $$$. It will earn an estimated $1.65 this fiscal year and is estimated to earn $1.93 in 1998. Make no mistake about it its a great company and earns a whopping amount of money all over the world. But at $72 /shr we are looking at 45 times forward earnings. I mean give me a break... I wish someone could give me a sophisticated reason or even a naive reason for buying this stock at this level. HH

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