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Higher Prices Help Coke's Bottom Line-WSJ

|Includes: The Coca-Cola Company (KO), PEP

Coca-Cola (NYSE:KO) came out with really impressive earnings today as higher prices and volume resulted in strong growth. Coca-Cola's leadership has been exceptional in a very difficult economic environment and their beverages business has really been eating Pepsi's lunch. No company matches Coca-Cola when it comes to an international presence and their are still attractive growth avenues in markets such as China. While Coca-Cola has been the better run company, I believe Pepsi (NYSE:PEP) offers the better value proposition.

If Coke got cheaper I'd love to buy the stock.

Disclosure: I am long PEP.