I think it's worth noting, but our initial take is that it's more about fine tuning than about a major change in opinion. He's known as a long-term value investor.
More Quotes from Mark Swartzberg:
I think we see the power of some of the decisions they've made to be a total liquid-refreshment company,Mark Swartzberg
The company missed by a lot.
Mark Swartzberg
Our upgrade is prompted by an assessment of free cash flow power that concludes the shares are below fair value. We expect the company to consistently meet or beat consensus EPS estimates in 2006.
Mark Swartzberg
looks excessive for the right to own a loss-making, share-losing business.
Mark Swartzberg
We expect the earnings news to further the relief rally underway in the shares and therefore continue to recommend modest buying.
Mark Swartzberg
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