Coke vs. Pepsi Update.wmv

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Uploaded by on Mar 1, 2010

Damian Witkowski talks about Coke vs. Pepsi. • As of January 31, 2010, affiliates of Gabelli & Company had 8.13% ownership in
The Great Atlantic & Pacific Tea Co. and less than 1% ownership in The Coca-
Cola Company and Pepsico, Inc.
• The analyst appearing in the webcast certifies that the views expressed in this
webcast accurately reflect his personal views about the subject company.
• The analyst has not been, and will not be receiving direct or indirect
compensation for expressing the specific recommendation or view in this
webcast.
• Gabelli & Company and its affiliates may be seeking business from The Coca-
Cola Company, The Great Atlantic & Pacific Tea Co. and Pepsico, Inc.
• Neither the analyst nor members of his household own shares of any of the
companies mentioned here today.
GAMCO Investors, Inc ("GAMCO") prepared this webcast as a matter of general information.
We do not intend for this report to be a complete description of any security or company and
it is not an offer or solicitation to buy or sell any security. All facts and statistics are from
sources we believe to be reliable, but we do not guarantee their accuracy. We do not
undertake to advise you of changes in our opinion or information. Unless otherwise noted, all
stock prices reflect the closing price on the business day immediately prior to the date of this
report. We do not use "price targets" predicting future stock performance. We do refer to
"private market value" or PMV, which is the price that we believe an informed buyer would
pay to acquire 100% of a company. There is no assurance that there are any willing buyers
of a company at this price and we do not intend to suggest that any acquisition is likely.
Additional information is available on request.
Because the portfolio managers at our affiliates make individual investment decisions with
respect to the client accounts they manage, these accounts may have transactions
inconsistent with the recommendations in this report. These portfolio managers may know
the substance of our research reports prior to their publication as a result of joint participation
in research meetings or otherwise. The analyst who wrote this report may receive
commissions from customers' transactions in the securities mentioned in this report.

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