Coca-Cola: Pull-back is an opportunity to take a position

Filed under: Coca-Cola (KO), Stocks to Buy

Coca-Cola's Q3 earnings of 83 cents per share beat the First Call Q3 EPS consensus estimate of 82 cents per share, and, of course, Wall Street drove the shares lower on the morning of the announcement.

Most likely, the above selling stems merely from short-term institutional investors (IIs) exiting the stock, which is why I'm reiterating my Buy rating for The Coca-Cola Company (NYSE: KO), first recommended on February 15, 2009 at a price of $42.68.

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Coca-Cola: Pull-back is an opportunity to take a position originally appeared on BloggingStocks on Tue, 20 Oct 2009 17:30:00 EST. Please see our terms for use of feeds.

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