Emerging market consumers may be ready to peruse a wine menu, but they tend to stick to domestic — for them — vintages.
As oil prices weaken, currency traders are fleeing the Russian ruble. And if history is any indicator, interest rates have peaked.
Vodka importer Central European Distribution has spent the last month reeling from a bad fourth quarter report, but the worst may be over.
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Nokia NOK (quote) has been losing market share to the likes of Apple, Motorola and RIM, Nokia.
Two great things happened to the Russian economy this week: oil cracked above $87 a barrel and yes, the country has won its bid to host the 2018 World Cup football series.
Oil is the heart of the modern Russian economy, but portfolios that reflect this bias also expose investors to boom-and-bust volatility.
Russian vodka manufacturer Synergy is seeing solid improvement in its business. That should translate into positive developments afoot for U.S.-traded CEDC as well.
CEDC (quote) distributes vodka and other spirits in Russia, Poland and other markets. The stock has been battered recently due to the summer heat wave (which favored beer makers) and rising agricultural input costs.
However, Synergy saw its own profits surge 56% in the first half of 2010. Considering that sales “only” jumped 14%, that represents a substantial improvement in efficiency as well as top-line demand for its product.
The better the Russian vodka market does, the better CEDC should perform.