[Uglyowl]

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Owl,
What is your estimated range of intrinsic values for BUD & PEP? Where do you expect their IVs to be in 5 years? And combining those two thoughts (and assuming that 5 years from now IV=stock price), what would your expected return be for each investment?

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By the way my investment strategy is very very simple.

I see Pepsi has performed well for the past five year with solid earnings gains and the momentum is continuing unlike Bud who is currently in a rut.

I am not smart enough to figure out if a company is going to turn things around so I search for companies that are priced at a discount that are growing at a reasonable rate.

Do I think Pepsi is super cheap at this moment? No, but in trying to stay diversified it fills a nice niche.

I don't expect to be super rich, but expect to hum along with 10-15% gains/ annually.