Polish Vodka Distributor Is Worth a Shot
IN TWO RESPECTS, Poland's economy resembles America's. Consumer prices are rising at about 4% year, while imports trump exports by a margin of around 4% of gross domestic product. The similarities stop there. Poland's economy is expected to grow nearly 6% this year net of inflation, some five percentage points faster than projected U.S. growth. Polish stocks have produced more than four times the gains of American ones over the past five years. One Polish Zloty bought an American quarter five years ago. Today it buys 46 cents, SmartMoney reports:
Eleven months ago, on a trip to Bialystok, I found time to wipe the lager foam from my nose and write up a recommendation of Central European Distribution (CEDC). Based in Warsaw, it's Poland's largest distributor of local and imported beer and spirits. Poland, in turn, is the world's No. 2 vodka drinker and Europe's No. 4 beer drinker.
