As the consumer picture darkens again, economic moats are more important than ever.
Our investment thesis that the multiple gap with Coca-Cola should close may soon play out.
Hedge the next market swing with our paired trade idea: long Pepsi, short Hansen
Credit and equity investments to play amid scrutiny of the menthol category.
As confidence trickles back, consumers could bear the burden of rising costs in 2011.
Despite a runup in stock values, tobacco dividends are still attractive.
Bottler acquisitions bolster dominance, but we think Pepsi's the better buy.
As the global economy recovers, consumption growth in developed markets is proving very sluggish.
New bans and taxes are on their way.
After months of denials, Coke is to replicate Pepsi's consolidation strategy.
Exploit the changing soft drinks landscape by investing in the category leaders.
The market is overlooking the long-term stability of Big Tobacco's cash flow generation and strong returns on invested capital.