More positives ahead, page-35

Ccl is a great stock currently underated due to concern re CSD decline. Ccl is not just Coke. It is a diversified beverage company with multiple products backed by substantial logistics that would be very difficult for any competitor to replicate. CSD may decline slowly over years to decades, however the consumer will always demand and consume packaged drinks and CCL is the best placed company to provide this. Management is pursuing a well planned and systematic response to changes in consumer trends with diversification into the rapidly growing craft beer and flavoured milk market. The Indonesian market is another driver for growth.
Good management, dominant market position with significant barriers to entry with scale. For me a longterm buy.