Stocks have moved a long way in five years, making it a challenge for the world’s best living Investor to find undervalued situations. “[Stocks] are probably more or less fairly priced now. We don’t find Bargains around,”Warren Buffett told CNBC last week. “But we don’t think things are way overvalued either. We’re having a hard time finding things to buy.”
Perhaps Buffett will elect to purchase more of some of his Current Holdings. One such current holdings is Coke [KO]. Buffett has a 9% stake, or 400 million shares, which comprises 18% of his Portfolio and makes him the company’s top shareholder. Buffett appeared at Coke’s Annual meeting in April and said he would “never sell a share of Coke stock.” Coke shares have declined 2% over the past year, to a price of $37.77 on Thursday, which is 6.1% above their 52-week low of $35.58. Coke has recorded annual revenue growth of 10.9% and annual EBITDA growth of 9.6% rates over the past 10 years, and 13.8% and 9% respectively over the past five years.
With the decline in price, Coke has also caught the attention of another value investor. David Winters, CEO of Wintergreen Advisors, explains why Coca-Cola is his favorite stock in the U.S. “You can get rich if you’re patient” he says in the video below.
Perhaps Buffett will elect to purchase more of some of his Current Holdings. One such current holdings is Coke [KO]. Buffett has a 9% stake, or 400 million shares, which comprises 18% of his Portfolio and makes him the company’s top shareholder. Buffett appeared at Coke’s Annual meeting in April and said he would “never sell a share of Coke stock.” Coke shares have declined 2% over the past year, to a price of $37.77 on Thursday, which is 6.1% above their 52-week low of $35.58. Coke has recorded annual revenue growth of 10.9% and annual EBITDA growth of 9.6% rates over the past 10 years, and 13.8% and 9% respectively over the past five years.
With the decline in price, Coke has also caught the attention of another value investor. David Winters, CEO of Wintergreen Advisors, explains why Coca-Cola is his favorite stock in the U.S. “You can get rich if you’re patient” he says in the video below.
