According to Michael Brush, Coca Cola stocks will rise over 20% in the next year or two. Recent headlines about Coca Cola, claim that new flavors are soon to come out, putting Coca Cola on the market for energy drinks and flavored waters. Also, the company is now combining with Starbucks to offer a new coffee soda. New flavors mean the company will be taking a risk that can put them ahead of others in the economic world. However, because of the new soda tax to be out in effect soon, Coca Cola will soon be selling less soda. The price of shares will drastically drop not soon after the tax is placed. I would not purchase this stock because instead of making money on it, I'd be losing money when the tax would be put in effect. -Rachel Mindin C Band
No comments:
Post a Comment