Unknown Speaker1: Who think that even crisis set as big is going to let go for that modification?
Unknown Speaker2: Question is about the Asian crisis how affects the company like coke. That recently announced of the earnings. Actually, they just announced the third quarter on the next few weeks ago, they took people off that they will be lower in the fourth quarter. Well basically, I love it but because the market for coca-cola price is going to grow far faster over the next 20 years internationally than it will in the United States it will grow in the United States not in per capital of other states or any pressure else where. So, the fact that it is going to be tough period for who knows three months or three years but it will become for 20 years. I mean people are still going to, you know there are going to work productively around the world and they are going to find that this is a bargain product in terms of the portion of their working day that they have to give up in order to have one of these or better yet five of my day like I do.
It is you know there is a product in 1936 when I first brought six of those for a quarter and sold them for a nickel each. It was a six and half oz. bottle and you paid it two cent deposit on the bottle. There was a six and a half oz. bottle for nickel with that time. It’s now 12 oz. can which if you buy it on weekends or if you buy in bigger quantities so much many of those goes to packaging. You essentially can buy the 12 oz. is for not much more than 20 cents. So, you are paying not much more than twice the price, price of 1936. It is a product has got a cheaper and cheaper and cheaper and rob out that the peoples running power over the years. Average people love them in 200 countries you have the per capital use going up every year for a product with over a hundred years old.
And the dominates, I mean that is unbelievable. One thing the people don’t understand has one thing that makes this product is where tens and tens of billions of dollars. It’s one simple fact about really all cause but we will call it coca-cola for the moment I have to be in my life. Coca-cola has no taste memory. You can drink one of these at nine o’clock, eleven o’clock, three o’clock or even five o’clock. The one that five o’clock will taste just good to use the one you’d kind a grow in the morning. You can’t do that with cream soda, root beer, orange, grape you name it. All of those things accumulate on you. Most will do and beverages will accumulate on you and get sick of them after awhile.
And if you, I mean look at these people going to work for see he is handle and become you don’t want the candy they want. The first day they go crazy but after a week they are eating about the same map I they are admired because chocolate can merely say it, everything can merely say it. There is no taste memory to cola and that means if you get tour to around the world they are heavy users they will drink five a day or five coke today or seven today or something they sort. They will never do that with other products.
So you get this incredible per company consumption. The average person in this part of the world maybe a little north here. Crunch about 64 oz. of liquid per day and you can had also 64oz. of that in Coke and you will not get set up with coke if you like it to start with and the least but if you get it with almost anything else, you eat just one product all day you will get a little sick about after awhile and it is a huge factor, so, today over 1 billion eight ounce servings of Coca-cola product will be sold in the world and that will grow year by year. It will grow in every country virtually, it will grow on a per capital basis and 20 years from know it will grow in a lot faster internationally than in the US. So, I really like that market.
Transcription by:
Scribe4you Transcription Services