How Warren Buffett lost $1Billion on Coca-Cola (KO)

Dean Honan

Morgans

How Warren Buffett lost $1Billion on Coca-Cola (KO). It's not just us mere mortals that have been affected by the issues besieging Coca-Cola. Warren Buffet, via Berkshire Hathaway, has posted a $1.1 billion notional loss on the groups Coca-Cola position since the start of 2014. Berkshire, which owns 400 million shares, has been a long time supporter of the company and represents 9.1% of the total holding. Mr Buffett recently said we've never sold a share of Coca-Cola stock, and I wouldn't think of selling a share. Mr Buffett believes the market has 'lost sight' of the true reality of coke and has no doubts about the company and its ability to generate remarkable returns to its shareholders, despite growth that 'misses expectations'. With Coca-Cola reporting in the US later this week, all eyes will be on Warren Buffett and Berkshire Hathaway for any indication that patience is wearing thin.


1 topic

Dean Honan
Dean Honan
Senior Stockbroker
Morgans

I am a senior stockbroker with close to a decade of experience in financial markets. Prior to joining Morgans I held senior advisory roles with Morgan Stanley and UBS AG

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.