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

To: Thomas Klein who wrote (764)	11/7/1997 6:54:00 PM
From: Simon Econovich	Read Replies (3) \| Respond to of 1462

Buffet would have to get half his brain removed before he thought KO is a "good buy". The problem is that he can't unload. He's stuck. Buffett is not going to buy any more KO. KO is insanely overvalued. Analysts expect this dec. earnings to be in the 0.38 range as compared to dec. 96 when it earned 0.41. So how much would you pay for a stock with an expected negative growth rate? How about a growth rate of (at best) 13% which is predicated upon a worlwide surge in the demand for black sugar water? A world wide demand based on worldwide economic prosperity which is now in jeopardy in Asia and and Latin America. The big boys are just trading this stock among themselves hoping to lure a few more suckers into buying it. Sure, they can run it all the way back to 70. But eventually this stock will correct to 25 or so ... sooner or later. BTW, have you noticed how fewer and fewer people are drinking the black sugar water?