DailyKenn.com — Coca-Cola (KO) stock prices are trailing behind as stock indexes advance. When the S&P 500 logged an 11 percent gain, KO shares were down 2.11 percent.
What could be the problem?
Some have tied Coke's trailing performance to its controversial diversity training program that appears to be more anti-white than pro-diversity.
Executives at the Georgia-based company may be responding responsibly. Fox News reports, for example, that in a recent earnings call, no mention was made of the state's election integrity law that woke executives from other companies rallied against.
Still, the call informed investors that the company's sales were back to pre-pandemic levels
Take aways ...
• Just as anti-white is re-framed as "diversity," election integrity is re-framed as "discriminatory."
• Influential investment gurus such as Warren Buffett once considered Coca-Cola a no-brainer for value investors. "In a filing in November 2020, [Buffett's Berkshire-Hathaway] listed Coca-Cola in its number 3 spot in dollar value, behind Bank of America and Apple," according to investopedia.com. Company executives may be hearing a clarion call from major stock holders to knock off the social justice nonsense and get back to its core business.
Coca-Cola Co. avoided addressing the new Georgia election law during its quarterly earnings call on Monday.
The Atlanta-based beverage maker, along with Delta Air Lines Inc., has in recent weeks faced criticism for taking a stance against the new law and then not joining a statement signed by hundreds of CEOs and corporations that opposed "discriminatory legislation" that makes more it for difficult for people to vote.
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