Seeking Alpha

mooreski's  Instablog

mooreski
Send Message
I retired early, in Jan 2010 at the age of 55, and moved to sunny Florida. I am an income investor focusing on dividends, dividend growth, REIT'S, MLP's and CEF's. I have more recently begun extensively utilizing option sales for income, especially after attending the Intermediate/Advance... 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.

Back To mooreski's 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

StockTalks

More »
Posts by Themes
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.