🍼 i know. warren still drinks it!
coca-cola ($ko): it's not just coke, im talking dasani, fresca, powerade, even minute maid!
berkshire hathaway, famously headed by warren buffett and charlie munger, has been a long-time owner of coca-cola and holds ~10% of $ko
in a high volatility market like today’s where risk tolerance is lower over the board and investors are looking for safer places, in the world of equities, coca-cola is crazy good
here’s why:
it's a dividend aristocrat. for 60 years(!) dividend payout's increased (currently at 2.83%)
stable free cash flow – considering current market conditions, this is a time to look at businesses that actually have stable cash left at the end of every quarter
despite the suspension of its russian businesses, the company reported a net income of $2.78B (up 23% from previous year) in its latest earnings report
how it’s done ytd (year-to-date) compared to S&P500:
congrats if you’ve been buying up coca-cola shares so far this year!
💡 something im thinking about…
shoppers who use augmented reality (ar) are less likely to return purchases. never tried it myself, but interesting!
🙏 closing comments
all of this is just one ape’s thoughts, but I would love to hear what you want to know about! happy trading!
as always, just another ape's thoughts and opinions – i am no financial advisor! (i am no substitute for professional financial services)