Pieter Baes'  Instablog

Pieter Baes
Send Message
  • Is Coca Cola A Buy Now? 0 comments
    Aug 24, 2013 2:37 PM | about stocks: KO

    Coca Cola (NYSE:KO) is declining (38 $/share), while its yield is flirting with a 3 percent dividend yield. (2.91%)

    According to fastgraphs, coca cola has a fair value of 31 dollar/share.

    Personally I would set my entry point at a share price of 33/34 dollar a share, because the changes are not likely Coca Cola share price will drop to its fair value in the near future. In fact KO flirted at its fair value point in 2009, but it will likely not happen again soon.

    Is 38$ a buy or should one wait until it drops further?

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: KO
Back To Pieter Baes' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.