01-07-2021, 09:55 AM
[quote pid='23284' dateline='1610029089']
[quote pid='23283' dateline='1610028994']
There were three analyst downgrades of KO over the last few days, which is what caused the stock to drop. It's crazy that a few analysts can move a stock 10% in three days.
[/quote]
I stand corrected - there was a fourth downgrade this morning. Of course, knowing what I know now, I wouldn't be surprised if their companies were short KO and needed to buy some shares.
[/quote]
I need to go read the analyst downgrades. I suspect it related to their bulk fountain" sales. That is around half their sales and it global. Too many lockdowns worldwide for the next couple quarter to be good. It ran just a little too high with a highly predictable Covid wave inbound this past fall. I'll be accumulating on the way down. $45 Coke is about as safe as a CD with an actual yield. It's not going that low short of market calamity nobody predicts.
[quote pid='23283' dateline='1610028994']
There were three analyst downgrades of KO over the last few days, which is what caused the stock to drop. It's crazy that a few analysts can move a stock 10% in three days.
[/quote]
I stand corrected - there was a fourth downgrade this morning. Of course, knowing what I know now, I wouldn't be surprised if their companies were short KO and needed to buy some shares.
[/quote]
I need to go read the analyst downgrades. I suspect it related to their bulk fountain" sales. That is around half their sales and it global. Too many lockdowns worldwide for the next couple quarter to be good. It ran just a little too high with a highly predictable Covid wave inbound this past fall. I'll be accumulating on the way down. $45 Coke is about as safe as a CD with an actual yield. It's not going that low short of market calamity nobody predicts.