Investing
Goldman Sachs Beverage Changes (KO, HANS, TAP)
January 17, 2008 8:33 am
Goldman Sachs is out noting that investors hunkering down into earnings may want to look at beverages as an attractive sector with reasonable valuations. Goldman Sachs also believes that macro weakness should continue to support defensive stock names for investors. Interestingly enough the note also suggests that a demand rebound in the U.S. along with moderating cost inflation and international growth will lead to strong earnings growth. It even noted an approximate 11% EPS gain in Q4 2007 and a gain of 14% EPS growth in 2008.
Jon C. Ogg
January 17, 2008