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Russia Is One Messed Up Place



June 26, 2009 – Comments (0) | RELATED TICKERS: WBD.DL

And keeps getting more so. Now Ikea is done with the country.

To be honest, I was looking at Wimm-Bill-Dann (WBD) for the next issue of Global Gains, but then when it came time to build a model, had no idea what discount rate to choose. What's appropriate? 20%? 25%? More? The omega is strong with Russia.

So, yeah, WBD is out. The only thing that could make Russia crazier would be an attempted missile launch at Hawaii. But one would have to be clinical to do that...

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