Timberwolf Equity Research
Value, research analyst, growth at reasonable price, consumer non-durables

Pepsi-Bottler Britvic Faces External Challenges

When I looked at Britvic (OTC:BTVCF) (OTCQX:BTVCY) last year, I voiced my opinion that the company was a reliable dividend payer that traded slightly below its fair value. The stock was around 680p at the time and currently sells for roughly 719p, which comes to an annualized return of roughly 9% or so (including a dividend pay-out of 21p). The stock fluctuated quite a bit during the year and sold for as much as 788p in early March of 2015 and for as low as 668p in August. Those are quite spectacular swings if you consider the company's rather predictable and somewhat boring business developments. At a price range between 15 and 16x trailing earnings and

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details