The only way is up for this blue chip gem and at these prices, its a bargain with great long term potential going forward,
People will always buy Coca Cola, period,
long term Growth in Indonesia & the Australian Domestic market,
& in regards to the profit fall.... since a write-down is simply a paper loss, which, since it lowers net income, will reduce a firm's tax burden. Companies will usually attempt to time large write-downs together, so they can "take a bath" in one reporting period with the hope of quickly recovering in the next period.
Investopedia words not mine,
Looking forward to hitting the $14 mark again in the not too distance future, next 2 years of a gradual global Circa 2% growth should see things really pick up within the next few years for this company.
Future outlook = major supplier of food products to the asian domestic market,
I don't see any negatives here,
All in my opinion - DYOR
CCL Price at posting:
$11.14 Sentiment: Hold Disclosure: Held
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