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What: Shares of alcoholic beverage distributor Central European Distribution
So what: Privately held banking, insurance, and vodka conglomerate Russian Standard Corporation just announced plans to triple its stake in Central European to 30%. A buy this large obviously moves share prices, and Russian Standard may end up buying the smaller company outright at the end of the day.
Now what: Not to reinforce stereotypes or anything, but can you think of a better way to combat a tough banking environment than by selling more vodka in Eastern Europe? Like other sin stocks, alcohol bottlers tend to do well in downturns. It's no accident that both Jim Beam parent Beam
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