Quote:
Originally Posted by reckless
I bought Coca-Cola (KO) this afternoon at $47.50 or so. Never ever looked at KO before but two events happened this year that I like, alot:
(1) KO sold off their bottlers and that is a big plus for someone such as myself that looks at Free Cash Flow as the major investing metric. Too much capital expenditures in the past and the bottling plants were a huge drain on cash flow.
(2) The company also named a young, new CEO who seems like he has the goods. Times will tell.
3.2% dividend yield for a company entering a (possible) growth phase while the money managers look at other companies to chat up is OK by me. I do not think KO is on anyone's radar screen.
Plus, finally, I am betting that rates will be lower or flat in 2019 and not higher, despite J. Powell's attempt to kill the Trump economy.
Not sure yet if this is it for me for 2018. I just don't like the way the market is playing.
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I went one post without violating what I just said, so call me a liar, but I can't let this pass. Who the hell appointed Powell? Yellen was an uber dove - that's what Trump wanted, but he couldn't keep an Obama appointee. So if Powell tanks anything, the Stable Genius owns it. No one, and I mean no one, thought Powell was as dovish as Yellen. Actually, he was thought to be the most hawkish Fed chair since Volker. Buck stops at DJT's desk. Sorry, he wanted all the credited, so now he takes all the blame.
All of the above said, I do wish you the best of luck with KO.
