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PEPBULLKOMIXEDSubstantive discussion · 3/5

Pepsi vs Coke valuation and GLP-1 divergence

Pepsi was highlighted as a potential value opportunity at ~16x earnings compared to Coca-Cola's higher multiple, despite GLP-1 headwinds and snack exposure.

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NOT INVESTMENT ADVICE · A SUMMARY OF WHAT WAS SAID ON THE PODCAST · VERIFY AGAINST THE SOURCE