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Non-Tech : Disney(DIS) & Coca-cola(KO)

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To: Feraldo who wrote (10)12/28/1996 11:14:00 AM
From: Peter Longerich   of 71
 
Daniel,

Check out the latest issue of Bloomberg (Jan.Feb issue). There is an article by Jim Grant arguing that Coke is way overvalued. One of his points is that at a P/E of 39, it sell at double the P/E of Anheuser-Busch, another well know maker of a carbonated beverage.

Something to think about anyway.

One the other hand, you might be right in that Coke continues to deliver the good numbers. I had owned Coke up to 40, and then sold because it seemed over priced. I obviously sold too early.

Pete
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