Coca-Cola Nears 14-Year High

Shares of Coca-Cola ($KO) are due to split 2-for-1 in a few days. This will be Coke’s first stock split in 16 years.

Coke was enormously overpriced in mid-1998 and the stock is closing in on breaking its all-time high close of $87.94 set on July 14, 1998. If today’s market holds up, KO will close at its highest price in 14 years.

Despite KO’s rally, I still think the stock is massively overpriced.

Posted by on August 6th, 2012 at 10:25 am


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