Coca-Cola Company (NYSE:KO) shares have gone nowhere for more than 13 years. The stock currently trades 26% below its high of July 1998. Time for a comeback.
(http://www.thestockadvisors.com| George Putnam, editor The Turnaround Letter)
Coca-Cola (KO): 'Plenty of fizz'
Coca-Cola (KO) is a well run company with powerful brands and strong financials. So why do we consider it a turnaround situations?
Because the stock has gone nowhere for more than 13 years. The stock currently trades 26% below its high of July 1998. This poor performance occurred despite the fact that since that time, sales have nearly doubled, earnings per share have more than doubled and dividends per share have nearly tripled.
From its origins in an Atlanta pharmacy in 1886, Coca-Cola has grown into the world's largest non-alcoholic beverage company. For several decades, Coca-Cola was considered on considered one of the great growth stocks of all time.
While it may never regain the growth of its glory years, Coke still has plenty of fizz in it. It still has some of the greatest global brands, 14 of which have topped $1 billion in sales.