Skip to content
Large Business

Large Business

Business Ad

Primary Menu
  • Large Business
  • Advertise Here
  • Contact Us
  • Privacy Policy
  • Sitemap
  • Home
  • This Warren Buffett Stock Is Up Over 3,000% Since He First Bought It | Personal-finance
This Warren Buffett Stock Is Up Over 3,000% Since He First Bought It | Personal-finance
  • Large Business

This Warren Buffett Stock Is Up Over 3,000% Since He First Bought It | Personal-finance

By August Goude 3 months ago

[ad_1]

Despite being a long-standing dividend stock, is Coca-Cola (NYSE: KO) too expensive to invest in? In this clip from “The Rank” on Motley Fool Live, recorded on April 25, Motley Fool contributors John Bromels, Jason Hall, and Zane Fracek discuss whether the beverage giant is a buy.

10 stocks we like better than Coca-Cola

When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*

They just revealed what they believe are the ten best stocks for investors to buy right now… and Coca-Cola wasn’t one of them! That’s right — they think these 10 stocks are even better buys.

People are also reading…

*Stock Advisor returns as of April 7, 2022

John Bromels: What we don’t remember is that in ’88-’89, Coke was far from a slam dunk stock. It was actually seen as really risky. The market was just coming out of the 1987 Big Black Friday, or was it Black Monday? I get my black days confused.

Bromels: It was Black Monday, the big 1987 Black Monday crash. Coke and Pepsi (NASDAQ: PEP) and other beverage brands had a really tough time. In the ’80s, this was the Cola Wars. This was the, who’s going to come out on top? Pepsi had that “Choice of a New Generation” slogan that then everybody thought it was going to eat Coke’s lunch. So this was actually a pretty savvy move by Buffett to purchase Coca-Cola at, I think he bought it at around 18 times earnings at the time. It currently sits at about 30 times earnings. And it has, in fact, beaten the S&P 500 on a total return basis, handily, since 1988, ’89, up more than 3,000%, whereas the S&P is up only about 2,000%. I can see why he bought it. I can see why he’s held onto it.

Zane Fracek: John, I’m curious also what you think about their expansion into other things. Like, for people that don’t like regular Coke, I feel like they’ve done a great job of getting into bottled water, sports drinks, and that kind of thing. I don’t know, are you fans of the moves they made there?

Bromels: There is definitely evidence that carbonated beverages sales are on the decline on a worldwide basis so I think, yes, Coke definitely had to do something to get into other types of beverage classes. So yeah, I absolutely think that was the right move to expand particularly into the bottled water market, energy drink market. The reason I still ranked Coke fairly low although I think I ranked it higher than y’all did.

Hall: Yeah, you put it in the middle of the pack, and we all ranked it near the bottom.

Bromels: Yeah, it was less because I think Coke is about to have some sort of renaissance and suddenly do like gangbusters but more out of skepticism about some of the other stocks that I ranked lower. I mean, this is a fairly, at this point, predictable dividend payer. It’s going to keep churning out dividends. It’s going to keep selling beverages, but at this point it’s so large and so ubiquitous, I don’t know that there’s a whole lot of upside down there, but I don’t know how y’all feel.

Hall: I feel like this is wonderful. This is delicious stuff.

Bromels: I will fight you, Jason Hall.

Matt Frankel: My fancy beverage here that my wife got me turned onto.

Hall: I don’t even know what that is. And that’s actually, that’s the reason why I’m not really interested in this one or the one that John’s holding up there. This is a wonderful business. It is a wonderful business. It is going to be a wonderful business for a very long time. But, it costs. It trades for 29 times earnings. The S&P 500 trades for 25 time earnings, so you’re paying a premium to the market for a business that’s really going to struggle to grow volumes, right? We’ve seen with their cost advantage and pricing power, they can do great things with profits. But it trades for 25 times free cash flow and 29 times earnings. So that’s, I mean, that’s the story for me why I ranked it so low. It’s a wonderful business. When they get this big and this predictable, you can’t overpay that much.

Jason Hall has no position in any of the stocks mentioned. John Bromels has positions in Coca-Cola. Matthew Frankel, CFP® has no position in any of the stocks mentioned. Zane Fracek has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Get the latest local business news delivered FREE to your inbox weekly.

[ad_2]

Source link

Tags: ""Succeeded His Business"", 2 Of Cups Business, 525 Business 5 Bankruptcies, Accounting Business Letter To Client, Bracken Business Communications Clinic, Business Account No Deposit, Business Administration Fafsa, Business Balance Sheet Explained, Business Card, Business Card Printing La Plata, Business Card To Secret Website, Business Cards Media Bar, Business Central Png, Business Coaching Site Cloudfront, Business Contract Lawyer 47201, Business Marketing Pearson Quizlet, Business Milleage Leager 18, Business Mobile Broadand Plans, Business Plan For Supplement Company, Business Plan Loan Originayor, Disrupting Digital Business Harvard, Ffiec Business Continuity Templates, Gauge Ear Piercing Business, Good Openings For Business Letters, Holton Investment Business, Indiana Wesleyan University Business, Indianapolis Business Times, List Business In Search Engines, List My Business Yahoo, Lunch Susbcription Business Model, Morgan Hill Business Liocense Renewal, Nee Small Business Bill Signed, Negotiating Business Acquisitions Practical Law, Networking Trends Small Business, New Business In Shorewood Il, School Business Officer Being Unethical, Small Business Administration Mass, Small Business Comunity, Small Business Corporation South Africa, Small Business Depew Llc, Small Business Medical Offices Chicago, Small Business Office Lakewood Nj, Small Business Plans Verizon, Small Business Storage Array, Small Business Sucess Stories, South Florida Business Journal Twitter, Torrington Ct, United Business Tech Response Sla, United Domestic Business Food, Video Business Woman Bukkake, Ways To Improve Business Technologyreddit

Continue Reading

Previous NOPD arrests 2, searches for another in connection to Gentilly business robberies
Next Business thinking on blockchain has ‘shifted,’ Polygon co-founder says

Recent Posts

  • Lee’s Digital Parts
  • Warren Buffett’s Quote About 9 Pregnant Women May Be the Best Business Advice You’ll Hear Today
  • 12 Essential Open Graph Meta Tags for Facebook and Twitter
  • Forging Leaders at the Intersection of Business, Technology, and Analytics
  • The Best Types of Printed Marketing Materials to Use for Your Business

Archives

  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • October 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • December 2020
  • November 2020
  • November 2018
  • October 2018
  • January 2017

Categories

  • business
  • Business
  • business & finance
  • finance
  • general
  • Large Business

https://citratextile.com/category/renda

Intellifluence Trusted Blogger

backlinks

textlinks

link building 

bestwindshieldwipers2019.xyz © All rights reserved. | Magazine 7 by AF themes.