Mover and shaker and Coke director, Herbert A. Allen bought 443,888 shares of KO at price ranging from $42-$42.19.

I don't know what your betting habits are, but Herb dropped a cool $18,680,918.00 into KO shares on May 2nd & 3rd.

Just in case you are not familiar with Mr. Allen, he is the President and CEO of Allen & Company, a privately held investment firm.

Each year, Allen sponsors A quiet gathering of top media moguls, and billionaires to discuss possible mergers and other deal making ideas. These events usually take place during the summer, and are held in Sun Valley, Idaho.

One year, the keynote address at the conference was given by the head of the CIA, and some how or another this little tidbit of news was never mentioned by the press.

It is a well know fact that the merger between Disney and ABC happened shortly after Michael Eisner spoke with Warren Buffett at the annual Allen event.

Herb Allen is a very influential person, and he has a knack of being at the right place at the right time. If Herb Allen puts $18.6 million dollars down on an investment, you can safely bet he knows what he's doing.

I continue to believe that Coke (KO) is a great value in the low 40's.