Coca-Cola FEMSA Stays a Buy – Analyst Blog
Source: http://www.zacks.com/stock/news/16891/Coca-Cola+FEMSA+Stays+a+Buy+-+Analyst+BlogPosted on Tuesday, January 20th, 2009 | In Stocks to Watch
We are keeping our Buy recommendation on Coca-Cola FEMSA S.A. de C.V. (KOF). The company posted slightly lower-than-expected results for the third quarter of 2008 due to losses in derivatives and currency exchange losses, but the results in the Mercosur division were particularly impressive.
We believe that going forward, new lines of business combined with the recent acquisitions will enhance its topline growth despite the difficult economic environment throughout the world, including Mexico.
Being a producer of an inexpensive, daily use product, focused on domestic markets, KOF is less exposed to the international credit crisis. KOF has been reducing debt, a necessary step to reduce financial costs and increase confidence.
Read the full analyst report on KOF
“KOF” Free Stock Analysis: Buy? Sell? Hold?
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