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What: Shares of alcohol beverage specialist Central European Distribution
So what: As part of its strategy to build a $30 billion nutrition business over the next decade, PepsiCo
Now what: Even after today's double-digit increase, CEDC looks likes a tempting opportunity. With profits that are expected to grow at a 20% clip in each of the next five years, CEDC seems like a reasonable way for consumer goods gorillas to further boost their Russian exposure. Fools know never to bet on a stock based on a takeover possibility alone, but the stock's cheapish sub-one PEG ratio makes it cheap enough to take a chance on.
Interested in more info on CEDC? Add it to your watchlist.
Fool contributor Brian Pacampara doesn't own a position in any of the companies mentioned. PepsiCo and Coca-Cola are both Motley Fool Income Investor picks. Coca-Cola is also an Inside Value pick, and Motley Fool Options has recommended a diagonal call position on PepsiCo. The Fool owns shares of Coca-Cola.
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