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Buffett’s Coca-Cola Complacency Warning Foretells Trouble

Warren Buffett, speaking last April at Coca-Cola Co.’s annual meeting, warned that the beverage giant shouldn’t get complacent about its success. Ten months later, those words could come back to haunt the company.

The world’s largest soft-drink maker, facing sluggish growth overseas and concerns about the healthiness of its product at home, posted its fourth straight quarter of declining sales yesterday. The results sent the stock on its biggest one-day decline in more than two years -- bad news for both Coke and Buffett, the company’s largest shareholder.