Thread regarding PepsiCo (PEP)

Something doesn't add up

My PEP position is looking pretty - up 13% lately, hitting highs, fat dividend, massive buyback. Should be thrilled. Instead I'm staring at news about price cuts on Lay's because people can't afford chips anymore. Volumes down. Costco walked. $10 billion for buybacks, but what about fixing the actual business? Feels like they're propping up the stock while the foundation cracks. I'm holding, but nervously.

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