Coke shareholders may want to consider taking a stake in a supplier to the company...
Lancer Corp. of Texas ($16 5/8) manufactures the soft drink and juice dispensers that Coke uses in restaurants. The company began in 1967 -- it's first product, a beverage fitting, was sold to Coca-Cola.
In fact today 50% of Lancer's production is sold to Coke.
Net Sales, Net Income,and Earnings Per Share have gone up every year for at least the past 5 years.
Web site "under construction" lancercorp.com
A snip from the Lancer (AMEX:LAN) quarterly report I just received:
"We are pleased to report a solid first quarter for 1998. Demand for our product was strong, and we were successful in containing our costs.
Net earnings rose 19% to $2,126,000 from $1,790,000 in last year's first quarter. Earnings per diluted share were $0.23 in the first quarter of 1998, compared to $0.19 in the same period last year. Net sales were $36,320,000 in the first three months of 1998, up %19 from $30,398,000 in the first quarter of 1997. The 1997 per-share amounts have been restated to reflect a three-for-two stock split effective July 8,1997.
We are beginning to see early results from some of the strategic moves we made in 1997. Our foreign operations made good progress in the first quarter, particularly in Latin America and Europe."
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