If this is what a bad quarter from Coca-Cola (NYSE:KO) looks like, it's not hard to see why the stock carries a rich multiple. Even in one of the weakest quarters in a long time (from a volume perspective), Coca-Cola did well with its margins. Add in the possibility of improving the company's global operations, particularly in fast-growing markets like China and Indonesia, and the long-term prospects still look pretty good. Alas, the stock still isn't anything close to “cheap” and is unlikely to become so anytime soon.
Read more here:
http://www.investopedia.com/stock-analysis/071613/even-when-cocacola-stumbles-it-does-okay-ko-pep-kof-bud.aspx
Investopedia: Even When Coca-Cola Stumbles, It Does Okay
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