Earlier I wrote about the economics of the milk racket. So now that you understand the milk business better, are you ready for a milk investment? It’s in Russia, a country where milk consumption is growing as the standard of living improves, and its name is Wimm Bill Dann Foods (WBD). The company was founded in 1992, it’s headquartered in Russia, and it has annual revenues of $2.4 billion. It has 34% of the dairy market in Russia and 20% of the fruit drink market. Additionally, 7% of revenues come from outside Russia. Most important is that the company...
