“Is Elon Musk Coming for Verizon?”
PEP faces near-term pressure — weaker bottom-line guidance, down margins, FTC pricing pressure, smaller brands cutting pricing power — but the speaker is long-term positive: ~15x expected earnings, ~4.7% rising dividend yield, much negativity priced in, and PEP may be a long-term survivor/winner; near term unclear.
Welcome back to the show. Pepsi reported earnings late last week and said that revenue grew about as expected. Nothing earthshattering from a company like Pepsi, but margins are going to be down.
Their guidance was a little bit weaker on the bottom line than expected.
Boy, I sure hope that they can't pass any more of them on because they've already done a great job of passing them on so far.