Keurig Dr Pepper: Balance Sheet Risks To Consider
Summary
- KDP Goodwill and Intangibles account for almost 88% of total assets.
- Merger and integration synergies notwithstanding, balance sheet risk should not be ignored.
- Earnings and operating income have been aided by aggressive accounting maneuvers.
- Intangible asset impairment risk is likely greater for KDP than industry/sector peers.
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