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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: LastShadow who wrote (66)	8/30/1998 3:01:00 AM
From: Michael Berkel	Respond to of 43080

Another negative on Coca-Cola in Barron's. This week's issue has an interview with two strategists, international investor Marc Faber and John Makin, American Enterprise Institution scholar and strategist for Caxton Associates in New York. (Excerpts): Coca-Cola just in Europe and the US is not going to grow very much for the markets there are saturated. They need to sell into emerging economies, which are in crisis. 80% of the world's population has just been impoverished. "So you will see some really disappointing earnings from the multinationals. In some cases their investments will have to be written off or written down very substantially, especially in China. At least Asia's share prices have already adjusted down by 80%. "Coca-Cola traded at $10 in 1990. It was $2.50 in 1984, but it is still around $77.00. You have still a big price risk in the Western share markets"