NEW YORK (TheStreet) -- The East Coast took a pounding and a super-wet licking, but just like the old Timex watch commercials reminded us, "it takes a licking but keeps on ticking." In the aftermath of this natural disaster recovery efforts abound.The toll of human suffering and inconveniences is beyond comprehension, but Americans have a way of pulling together in a mindset of cooperation and getting back to the art of living. They share what they have with neighbors and friends. To celebrate their survival or their relationships they pop open a can of Coca-Cola and toast to the hope of brighter days ahead. CocaCola ( KO) had subdued earnings results in the third quarter, where their year-over-year earnings growth rose 3.9%. Not bad for a time period riddled with uncertainty and consumer angst all around the globe. While experiencing healthy results in North America, its overseas business was dampened by China's anemic 2% increase in sales volume for the quarter, as compared to more than 10% a year earlier. Coke's CEO Muhtar Kent made comments in the conference call Oct. 16 suggesting that China's government has been focused more on trying to tamp down inflation and not on economic growth. The Wall Street Journal reported Kent said, "As we look ahead to the next six months, it is reasonable to expect that China's continuing economic slowdown may have a short-term effect on our industry and our business." Thus the leader of KO is guiding expectations downward for the fourth quarter. That may spell opportunity for investors wanting to add to existing stock positions. It also may present a good entry point for those interested in following one of Coke's long-term, big-time investors, Warren Buffett. His mega- holding company Berkshire Hathaway ( BRK-A) owns 400 million shares, almost 9% of the outstanding shares as of June 29. Jim Cramer's protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass. KO data by YCharts
As you can see from the poignant 5-year chart above, KO's price-per-share has followed its price-to-earnings ratio which has been ascending back to its pre-2009 levels. With over a 23% operating margin trailing 12 months and a 26.42% return-on-equity, it's no wonder that company director Barry Diller directly owns about 1.76 million shares.