While I tend to agree CCL is a decent bet at these prices, I'm not quite as optimistic. It's key strength is it's brand - coke. Coke is what made the company. Moving into fruit, water, OJ - yeah great, but the company doesn't have it's price-making brand in those areas. Same for beer. It's just another face in the crowd.
At the end of the day, what matters is the outlook for coke. Hopefully we've seen the end of the price war, which should see it's key earner, supermarket sales, start moving up again. NZ economy is doing very well which should support it's revenue. PNG/Indonesia, ST issues there but LT it's hard to see it being anything other than a winner.
DYOR GL.
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