What Bear Market? This Unstoppable Stock Is One to Hold Forever
An American classic, Coca-Cola (NYSE: KO) has been refreshing customers since 1886. Its blue-chip stock has surged more than 4,100% in the past 50 years. And with over 40% of the soft drink market, the beverage giant generated some $38 billion in sales last year. The company is ranked No. 93 on the prestigious Fortune 500 list and has a market cap in the range of $277 billion.
If all that doesn't convince you that it's a solid investment, here's another fun fact about Coke: Its biggest shareholder is none other than Warren Buffett, who says he'll never sell a single share. Here are five reasons why Coca-Cola has remained the undisputed leader in carbonated beverages for over 100 years.
From 1886 to 1959, a bottle of Coca-Cola cost a nickel -- no more, no less. A lot happened during that 73-year period, including the Great Depression, Prohibition, and two world wars. But one thing Americans could depend on was that nickel bottle of Coke.
Source Fool.com
