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

Coca-Cola Bottling Co. Consolidated: Taking Another Sip

In May of 2015, I detailed how the territory expansions Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) was engaging in would unlock a significantly higher valuation for its shares. The company's shares sold for roughly $113 at the time of publication and enjoyed a very strong run during much of the remaining year, topping out at roughly $220 in October, helped by escalating growth as a result of bottling territories transitioned from Coca-Cola Refreshments to CCBCC. My original price target was $200, which means the return from this idea was +77% in roughly 5 months' time. The territory expansions are a part of The Coca-Cola Company's (NYSE:KO) plan to refranchise its North American distribution system. For a more ...
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