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In July, we took a look at an interesting company called Coca-Cola Consolidated (COKE), which had performed incredibly well due to a name change which made many investors mistake it for Coca-Cola ([[KO]]), but we had recommended shorting it due to an expensive valuation and poor results. Today, we revisit the company after it reported great Q2 and Q3 results that exceeded our expectations, changing our rating from Sell to Neutral.
Recent results
Despite what we said about slowing sales growth and worsening profitability in our last article, reported results seem to have