I think Coca-Cola (NYSE:KO) will be one of the few things left standing along with the cockroaches in a nuclear war.
Even the cockroaches, and any remaining mutants, will be drinking Coke.
They might also drink Fanta, Dasani, Bacardi Mixers, Mello Yello, Enviga, Five Alive, Full Throttle, Fuze, Hi-C, Lift, Minute Maid, Nestea, Odwalla, Seagram’s, Simply Orange … and about a zillion other beverages Coke owns.
It’s a fizzy thought that some $48 billion in Coke products were consumed last year, and that after all this time, Coke still is projected to grow earnings at a 9% clip over each of the next five years. The company routinely returns more than half its FCF to shareholders in the form of its 2.6% yield, and it also has more than $18 billion in cash on its balance sheet.