Jim Cramer on Coca-Cola Consolidated: “We’re Not Going There”

Coca-Cola Consolidated, Inc. (NASDAQ:COKE) is one of the stocks Jim Cramer recently shed light on. When a caller inquired about the stock, Cramer remarked:

“No, no… no, we’re not going there. That’s just, doesn’t have it. It’s down 10% for the year, and that actually makes sense. It does not have, a technical term that I like to use periodically that I learned at Goldman Sachs, the mojo. It doesn’t have it.”

Pixabay/Public Domain

Coca-Cola Consolidated, Inc. (NASDAQ:COKE) manufactures, markets, and distributes nonalcoholic beverages, primarily Coca-Cola products, along with brands like Dr Pepper and Monster Energy. The company supplies bottled drinks and post-mix fountain products to retailers, food service outlets, and vending channels. A caller asked about the company stock during the June 11 episode, and Cramer said:

“You know… It doesn’t have the yield that people want. I think it’s a really good company. It is very intriguing to me because the distribution is a really good business. I would hold on to it just because I think the distribution business, not because it’s necessarily good right now, but I do know that long term, it’s been a good one…”

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Disclosure: None. This article is originally published at Insider Monkey.