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$38.00 -4.84 (-11.30%)
10/6/2008 4:00 PM

Central European Distribution (CEDC)

CAPS Rating:
****

The Company is in spirit beverages business, produces vodka at two distilleries in Poland and is the distributor of alcoholic beverages with a country-wide distribution network. The Company is also an importer of spirits, wine and beer in Poland.

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Avatar unvrsldeflation (53.62) Submitted: 5/02/08 2:46 PM : Underperform Start Price: $64.64 CEDC Score: 17.30

I love this stock. It has performed exceedingly well over the last year. To all good things, though, the end must come. As the dollar strengthens investors are going to be increasingly worried about their euro exposure. It may take a while and the euro may have to unwind before it happens, but stocks like this one that have been havens from the effect of the dollar's fall won't be havens from the effect of its rise.

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Avatar dcrednek (79.89) Submitted: 7/23/08 2:01 PM

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The company's rich valuation is due more to its revenue and earnings growth rate than exchange rates. I'd be more worried about the potential for shrinking market share or slow down in sales. The company sells in Hungary, Russia, and Poland, so I don't follow your Euro/dollar argument supporting underperformance.

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