Posts Tagged ‘Muhtar Kent’

Pop Culture – My Interview with Coke CEO Muhtar Kent

File:Muhtar A. Kent.jpgCoca-Cola has always been one of my favorite companies.

They are the perennial safety play, a reliable grower that pays a 2.9% dividend and was one of the first companies we snapped up when the World went on sale in the '08-'09 crash.  Our faith in the company was well justified in the recent earnings report.  Despite weak North American sales growth (2%) and flat growth in Europe, International sales grew at a tremendous clip with 11% volume increases in the Pacific and 12% increases in Eurasia/Africa.  Best of all, those growth rates are "currency neutral net revenues" – so we are comparing apples to apples here – unlike many other companies who report their earnings in declining dollars.  

On the last day of the quarter, the company closed their transaction for CCE's North American business, an acquisition that will poise the company for further growth in the years ahead.  What struck me the most about the report was the way Coca-Cola looks at the World.  Coke doesn't divide the World into North or South or East and West, Coke sees two kinds of countries – the ones with PER CAPITA consumption of more than 150 eight-ounce servings of Coke-brand products per year and the ones that they need to work harder in.  

Also impressive is the company's plan to repurchase $2Bn of their stock back BY THE END OF 2010.  This will be fairly easy for the company to do as cash from operations has already increased 15% in the first 3 quarters of the year.  Since we already know and love KO and, since we already know how to read an earnings release, I decided not to squander my time talking to Mr. Kent about clarifying product revenue steams in Guiana – that's what conference calls are for!  

Muhtar Kent is a man as impressive as the Company he runs.  He's about 10 years older than me, born in 1952 in New York City and his father was the Turkish Consul-General.  Kent went to High School in Turkey, college in England with a masters in business from City University in London.  He served in the Turkish military, came back to America with no money and answered a want ad for a job…
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ValueWalk

Steve Cohen Alum Profits From Markets Driven By "15 Million New Robinhood Accounts"

By Rupert Hargreaves. Originally published at ValueWalk.

Michael Zimmerman’s Prentice Capital returned 3% in June, taking its year-to-date performance to 18.6% net of fees and expenses, according to the firm’s June investor update, a copy of which ValueWalk has been able to review.

Q1 2020 hedge fund letters, conferences and more

Prentice Capital Benefits From "15 Million New Robinhood Accounts"

Prentice Capital employs a low net equity long/short strategy with a specific focus on the U.S. consumer sector, which has recently performed better than the wider market.

For more up-to-date hedge fund content, and exclusive acc...



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Phil's Favorites

Coronavirus's painful side effect is deep budget cuts for state and local government services

 

Coronavirus's painful side effect is deep budget cuts for state and local government services

Washington state cut both merit raises and instituted furloughs as it faced a projected $8.8 billion budget deficit because of the coronavirus. Wolfgang Kaehler/LightRocket via Getty Images

Courtesy of Carla Flink, American University

Nationwide, state and local government leaders are warning of major budget cuts as a result of the pandemic. One state – ...



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Biotech/COVID-19

Coronavirus's painful side effect is deep budget cuts for state and local government services

 

Coronavirus's painful side effect is deep budget cuts for state and local government services

Washington state cut both merit raises and instituted furloughs as it faced a projected $8.8 billion budget deficit because of the coronavirus. Wolfgang Kaehler/LightRocket via Getty Images

Courtesy of Carla Flink, American University

Nationwide, state and local government leaders are warning of major budget cuts as a result of the pandemic. One state – ...



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Zero Hedge

Novogratz On Gold & The Fed's Fairy Tale World

Courtesy of ZeroHedge View original post here.

Via Global Macro Monitor,

Great interview with Michael Novogratz, Galaxy Digital founder, CEO, and chairman.  He sounds exactly likey the global macro heads at GMM. 

His money quotes from the July 8th CNBC interview should sound very familiar to our readers.

  • Macro set-up is so...



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Kimble Charting Solutions

Red Hot China Attempting Key Breakout, Says Joe Friday

Courtesy of Chris Kimble

China ETF (FXI) has been “Red Hot” of late? Is it about to run out of steam or will it remain on fire going forward?

This chart of FXI comes from Investors Business Daily and Marketsmith.com. It reflects that FXI is above key long-term moving averages and its RS ratings is moving sharply higher of late.

Line (1) has been support and resistance several times over the past 3-years. The rally of late has FXI ...



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The Technical Traders

Retail Traders & Investors Squeezed to Buy High-Risk Assets Again

Courtesy of Technical Traders

Yes, we certainly live in interesting times.  This, the last segment of our multi-part article on the current Q2 and Q3 2020 US and global economic expectations, as well as current data points, referencing very real ongoing concerns, we urge you to continue using common sense to help protect your assets and families from what we believe will be a very volatile end to 2020.  If you missed the first two segments of this research article, please take a moment to review them before continuing.

On May 24th, 2020, we published this ...



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Chart School

RTT browsing latest..

Courtesy of Read the Ticker

Please review a collection of WWW browsing results. The information here is delayed by a few months, members get the most recent content.



Date Found: Saturday, 14 March 2020, 05:51:16 PM

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Comment: Crash in perspective - its Bad, and not over!



Date Found: Saturday, 14 March 2020, 07:49:29 PM

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Comment: The Blood Bath Has Begun youtu.be/bmC8k1qmM0s



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Lee's Free Thinking

These Charts Show COVID 19 Is Spreading in the US and Will Kill the Economy

 

These Charts Show COVID 19 Is Spreading in the US and Will Kill the Economy

Courtesy of  

The COVID 19 pandemic is, predictably, worsening again in much of the US. Only the Northeast, and to a lesser extent some Midwestern states, have been consistently improving. And that trend could also reverse as those states fully reopen.

The problem in the US seems to be widespread public resistance to recommended practices of social distancing and mask wearing. In countries where these practices have been practi...



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Digital Currencies

Blockchains can trace foods from farm to plate, but the industry is still behind the curve

 

Blockchains can trace foods from farm to plate, but the industry is still behind the curve

App-etising? LDprod

Courtesy of Michael Rogerson, University of Bath and Glenn Parry, University of Surrey

Food supply chains were vulnerable long before the coronavirus pandemic. Recent scandals have ranged from modern slavery ...



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Members' Corner

Coronavirus, 'Plandemic' and the seven traits of conspiratorial thinking

 

Coronavirus, 'Plandemic' and the seven traits of conspiratorial thinking

No matter the details of the plot, conspiracy theories follow common patterns of thought. Ranta Images/iStock/Getty Images Plus

Courtesy of John Cook, George Mason University; Sander van der Linden, University of Cambridge; Stephan Lewandowsky...



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Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
  • US Services Purchasing Managers' Index for March is scheduled for release at 9:45 a.m. ET.
  • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
...

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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

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