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Strategies & Market Trends : WILL COCA-COLA ALWAYS GO UP? -- Ignore unavailable to you. Want to Upgrade?

To: Jon Stept who wrote (1390)	9/29/1999 1:28:00 PM
From: Shawn M. Downey	Read Replies (1) \| Respond to of 1462

I'm thinking about selling some puts here (KO is at 49 11/16). P JAN00 50's are 3 3/8 - 3 5/8 (symbol is KOMJ). Does anyone have an opinion? Thanks in advance.

To: Jon Stept who wrote (1390)	9/29/1999 10:00:00 PM
From: taxman	Respond to of 1462

Curious to hear [your opinion]. bearish. lack of earnings and stock price momentum. i am long the jan 2002 50 puts. i agree with your post as to why the stock price is as high as it is. regards

To: Jon Stept who wrote (1390)	9/30/1999 12:53:00 PM
From: Oska	Read Replies (2) \| Respond to of 1462

Coca Cola's appreciation and almost blind following in the past few years by the world market, as evidenced by a high PE, has interested me. In the early part of this decade, one could buy KO in the 25-28 PE range. In the past year, it even floated past 50, something even Roberto never achieved as a CEO. Living in Istanbul, Turkey, perhaps I see things differently. When the world economy got into trouble, Coke generally held its own; as things have improved during the past few months, particularly in the Pacific Rim, its stock has drifted lower. I believe one reason could be that many overseas traders see safety in an increasing pool of other stocks and have jumped ship. Its PE is around 38 now, which is still high enough to discourage me to buy. I believe if one is looking for value, one alternative is to buy the shares of the Latin and South American firm Panamco (PB), one of KO's anchor bottlers; if the economy gets back on its feet there with the growing population, it may be a better five to ten year investment than KO. I wrote about the two firms' PE in March '98 before the world economic troubles alighted; I believe some kernel of truth remains from the prose (post 877). All my best, Osman.