“In the end, I’m speaking toward the only outcome feasible for old Valiant-for-Truth in Pilgrim’s Progress: My sword I leave to him who can wield it.” -Charlie Munger
Have you looked into Anadolu Efes? I saw they own 40% of CCI and have a strong beer business. I was thinking there could be synergies in owning Anadolu Efes over CCI, but I'd love to hear your thoughts
Great analysis of a great company. I would to invest in the company but it seems that the ADR does not trade anymore. Can you please tell me how to buy the stock? Is there an international broker where you can buy Turkish stocks? Preferably the stock in Borsa Istanbul in Turkish liras, not the ADR which is less liquid. Thanks.
Varun Beverages is in a different league in India as it is hammering all B brand Bottlers and giving tough competition to Cocacola and further it is opening shop in South Africa, Pakistan is struggling market worth pennies so CCI is evidentially struggling as inflation in the space is rampant, CCI did go up in the valuation post decent runnup but volume growth has died and margin expanison dosent seem long lasting, Varun can go for 15 more years at a good 20+%
Some thoughts:
- it looks like CCI is getting muslim majority country licenses
-> I would guess people drink more NARTD in those countries because there is less beer etc. consumption
-> India is a hindu majority country, they probably won't get the license for the whole country
- climate change probably will increase the consumption of cold NARTDs in the coming decades
They might take a page out of this playbook aswell:
https://x.com/dede_eyesan/status/1677336610126397441?s=20
Have you looked into Anadolu Efes? I saw they own 40% of CCI and have a strong beer business. I was thinking there could be synergies in owning Anadolu Efes over CCI, but I'd love to hear your thoughts
No big problem with either, but preferred CCI all things considered.
Or Anadolu Group stock
Great analysis of a great company. I would to invest in the company but it seems that the ADR does not trade anymore. Can you please tell me how to buy the stock? Is there an international broker where you can buy Turkish stocks? Preferably the stock in Borsa Istanbul in Turkish liras, not the ADR which is less liquid. Thanks.
Varun Beverages is in a different league in India as it is hammering all B brand Bottlers and giving tough competition to Cocacola and further it is opening shop in South Africa, Pakistan is struggling market worth pennies so CCI is evidentially struggling as inflation in the space is rampant, CCI did go up in the valuation post decent runnup but volume growth has died and margin expanison dosent seem long lasting, Varun can go for 15 more years at a good 20+%
Varun is another great company but valuation wise CCI is much more attractive, PE x10 vs x90 of Varun.