Deep Dive into the World's Largest Coca-Cola Bottler
If you like this kind of space, you should look at The Keeper’s Holdings listed in the Philippines:
Keepers Holdings: Cheap Consumption Multibagger in the Philippines
Great analysis of a company I admittedly wasn’t familiar with. After reading this article, an interesting idea crossed my mind. A sort of equity carry trade, with the Mexican Central Bank having rates at 11.25% and the FED around 5%ish. It seems like some sort of opportunity could be found here. I am not sure if you are interested in these types of trades. Regardless thank you for the insightful analysis, your newsletter deserves countless more subscribers. With the quality of your work I am sure you will get there!
Thanks Celeritas! Really appreciate the comment! Have been slow to pick up subscribers, but hopefully things will pick up :)
Interesting thought of the carry trade! How would you position it?
I covered it a bit last week - you forgot about the parent company: “Coca-Cola Femsa SAB de CV (NYSE: KOF) (the largest franchise Coca-Cola bottler in the world) has an indicated P/E 16.68 with a 3.29% dividend yield while the parent company Fomento Económico Mexicano (FEMSA) (BMV: FEMSAUBD) has a P/E 24.61 with a 3.15% dividend yield” https://emergingmarketskeptic.substack.com/p/em-fund-stock-picks-commentary-april-11-2023