mooreski's  Instablog

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I retired early, in Jan 2010 at the age of 55, and moved to sunny Florida. I am an income investor focusing on dividends and especially option sales to generate high-yield income. I self-educated myself on options, and then attended the 2-day Intermediate/Advance Options Training course at the... More
  • Things Go Better With Coke - And Without Cramer 0 comments
    Apr 15, 2014 7:29 PM

    Jim Cramer has been negative on Coca-Cola (NYSE:KO) for some time, mainly due to the increasing health concerns regarding sugary drinks. After carefully considering what he was saying, and then doing the exact opposite, I am glad I did.

    I purchased shares of KO in early February this year at a near-term downside resistance level of $37.51 per share and a dividend yield of 3%. Since then there has been: a surprise announcement of KO purchasing a 10% stake in Green Mountain Coffee Roasters (the next day!), a nice 9% dividend increase, new cost-cutting programs, and then today's quarterly report, which was well received by the market (KO is up 4% on the day as I write this).

    Don't want to rag on Cramer too much, if you are on TV talking stocks for hours every day, you can't be right every time. But you also can't attribute too much omniscience to these "gurus".

    Disclosure: I am long KO.

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