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Pepsi (PEP): A Bull Case Theory

We came across a bullish thesis on Pepsi on Rebound Capital's Substack. As of 5ᵗʰ July, Pepsi's share was trading at $135.38. PEP's trailing and forward P/E were 19.91 and 15.69 respectively according to Yahoo Finance.

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Pepsi is a consumer goods company that has underperformed its competitor, Coca-Cola, in recent years. While Coca-Cola has gone up by 103% in the last 2 years, Pepsi is down 24%. Pepsi earns more from its snack division than from its beverages. The company...