Seeking Alpha

Coca-Cola (KO -0.5%) releases a statement saying that it's not in talks to buy Monster Beverage...

Coca-Cola (KO -0.5%) releases a statement saying that it's not in talks to buy Monster Beverage as reported by the WSJ. MNST -0.2% to $65.40 after hitting as high as $83.96 in intra-day trading.
From other sites
Comments (10)
  • D_Virginia
    , contributor
    Comments (2277) | Send Message
    It's good to see that the old mid-day pump-and-dump scheme is still alive and well.


    We wouldn't want traders to have to make money on long-term fundamentals, now would we?
    30 Apr 2012, 04:00 PM Reply Like
  • Josh Krause
    , contributor
    Comments (1361) | Send Message
    Wow. Talk about a whip saw. Just think if you were short MNST, covered, went long and got crushed both ways.


    Market is a casino, not a weighing machine.
    30 Apr 2012, 04:09 PM Reply Like
  • CassandraSees
    , contributor
    Comments (463) | Send Message
    Who at the WSJ reported the news earlier this morning? On what basis did they send out their report? Did anyone at WSJ check on the facts? Who started the rumor???
    30 Apr 2012, 04:21 PM Reply Like
  • richjoy403
    , contributor
    Comments (11868) | Send Message
    Sees -- Good questions, but they are based upon the assumption there never was a shred of truth to the story (darned if I know one way or the other).


    However, I am skeptical the acquisition of MNST by KO could be approved here...and would be less likely in the EU (remember T was recently turned down here on their acquisition of T-Mobile).
    30 Apr 2012, 07:29 PM Reply Like
  • Flatbusher
    , contributor
    Comments (3) | Send Message
    God Bless the longs who sold at the top.
    30 Apr 2012, 05:07 PM Reply Like
  • Allthedamnnamesweretakin
    , contributor
    Comments (2) | Send Message
    I was in at 65.54 last week, sold at 82.25 when I heard the news come over the wires....


    I figured it was just a rumor and I expect it to happen a few more times before it actually is bought.


    Got in again today at 65.00... Lets do it again!!!
    30 Apr 2012, 06:37 PM Reply Like
  • deercreekvols
    , contributor
    Comments (7245) | Send Message
    Coke had all day to deny the rumor.


    While I am sure that it is not Coke's responsibility to make statements about such rumors, someone at the WSJ fumbled the ball in a big way.


    Where is the comment from the WSJ and what rumor will they report next? I, for one, am hoping it involves a stock or two in my portfolio.
    30 Apr 2012, 09:03 PM Reply Like
  • Greenspanblows
    , contributor
    Comments (148) | Send Message
    This is Public Relations 101: Always deny takeover speculation. If coke is denying it, than it is almost certainly true. They are obviously in the early stages and a run-up in the stock of Monster could sideline the whole deal.
    1 May 2012, 09:25 AM Reply Like
  • richjoy403
    , contributor
    Comments (11868) | Send Message
    As I interpret today's news, the WSJ had it right...KO only broke off negotiations after those negotiations were leaked...and thus KO's statement, when carefully read only says they are not presently in negotiations. There were comments that large stockholders were not pleased with the prospect of KO buying MNST.


    Yes, that's the way PR is handled.
    1 May 2012, 11:08 AM Reply Like
  • CassandraSees
    , contributor
    Comments (463) | Send Message
    Well, bottom line - - Prior article said that at $65 that MNST was overpriced only because of possible takeover --- this rumor drove it to $83 but it settled back to $65 once the rumor died - so I guess $65 is a good, solid price - -
    1 May 2012, 09:35 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs