Coca-Cola: Why A Bullish Thesis Isn't Hard To Understand
KOCoca-Cola(KO) Seeking Alpha·2024-01-08 02:30

jetcityimage/iStock Editorial via Getty Images I upgraded my thesis on The Coca-Cola Company (NYSE:KO) stock in mid-September 2023, assessing it was reasonable to be more constructive after it fell from its April 2023 highs. However, I also cautioned investors that I hadn't evaluated a robust bottoming opportunity yet, suggesting investors "must be prepared to average down" if they decided to add KO. As a result, KO's further decline toward its October 2022 lows wasn't entirely surprising, although I didn't ...