Could Coca-Cola Be a Millionaire-Maker Stock?
One of Warren Buffett's largest and longest held investments is Coca-Cola (NYSE: KO). For some investors, knowing that Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) owns a stock is enough reason to buy it. But there's a major caveat here, because Buffett has owned Coca-Cola for a long time. So the question today is whether the drink giant can make you a millionaire from this point, not how well it has performed for Buffett's Berkshire Hathaway. You'll want to be careful about what you pay.
The Coca-Cola name is one of the world's best-known and loved consumer staples brands. The company's namesake soda is sold in both developed markets and emerging ones, backed by an incredible distribution system and the company's impressive marketing team. But Coca-Cola is more than just its namesake brand.
It operates in various soda categories, coffee, tea, sports drinks, and orange juice, among other beverage areas. And given its massive scale -- the company's market cap is a huge $290 billion -- it has the heft needed to buy smaller, up-and-coming brands to expand its product lineup. Simply put, Coca-Cola is a well-run company, which is the reason the stock has been a core holding for Berkshire Hathaway for decades.
Source Fool.com
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