Is This Warren Buffett Favorite a Buy?
Bear markets don't feel good, but they have their silver linings; when the tide takes all ships (stocks) down, investors can get deals on proven winners that can generate solid investment returns. For example, consider one of Warren Buffett's favorites, The Coca-Cola Company (NYSE: KO). The stock has fallen 10% in the past month and 15% from its high.
The beverage giant has been a steady wealth-building machine for decades, and buying during shaky markets has historically proven to be a good idea. I'll show you where the stock stands today and where it goes from a solid deal to a table-pounding buy.
Investors generally view Coca-Cola as a safe stock. One might say that nobody gets fired for buying Coke. There's good reason for that. One of Warren Buffett's largest holdings, the stock has paid and raised a dividend for 60 consecutive years. You can visit a town in Florida called Quincy, which once became the wealthiest town per capita in the United States on the back of Coca-Cola stock.
Source Fool.com