Earlier we posted we had entered a position in MCD (McDonald's). We believe that KO is a good entry point since if MCD's sales are up, then it follows that those sales include sales of KO products.
The weak dollar helps both KO and MCD since a majority of their earnings are earned outside the US. The dollar index against seven major currencies is at a 15 year low helping US exporter
KO is up about 7% in the last 10 trading days. MCD raised its dividend 50% today indicating strong growth.
Thursday, September 13, 2007
GOIH Capital Markets: Coke Cola (KO)---Analysis
