PEP stated on July 9, they have an 11% impact on revenue from currency and a 12% impact on earnings. Since then currency issues have gotten significantly worse. Yet PEP still trades at a high PE over 20.
I guess I was trying to see what others thought about the risk side of CELG. We are at a point where I question traditional risk. On one hand CELG has 2X the beta. PEP is 7% off its high and CELG is 12% off its high. However consistent growth is becoming much more important to me when some staple type investments have huge headwinds to face down.