Nomura Speculates On Coca-Cola LBO; Winters Says Deja Vu All Over Again

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Mark Melin
Published on
Updated on

David Winters saw this move coming from a mile away. When Winters claimed that The Coca-Cola Co (NYSE:KO) was a potential leveraged buyout target of Warren Buffett – and Buffett denied such speculation – the hedge fund manager believed current management was enriching themselves at the expense of shareholders. Winters believed that with some aggressive cost cutting and smart management, Coke’s fortunes could be reversed and shareholders could benefit.  But he worried that Buffett might take the opportunity for himself, speculation that was dismissed in the mainstream press. Until today. A recent Nomura Securities investor note, reviewed by ValueWalk and first…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.