Pepsi's Fundamentals Could Be Better Than Coca-Cola's For Some Time
- We had thought Coca-Cola was the better idea, but Pepsi is executing far better as of late.
- We still think Pepsi is trading for a pretty penny, but it likely has less downside than that of its soda rival, Coca-Cola.
- We don't think Pepsi will split up its soda and snacks business in light of Coca-Cola's recent weak results.
- Let's examine the firm through a robust discounted cash-flow process.