"U.K.'s Observer reports that Kraft Foods (KFT) is readying a hostile bid for Cadbury (CBY) that would value the company at 11 billion pounds ($17.4 billion)." Read more here.

Sloan is also keen on U.K. confectioner Cadbury (CBY), seeing value in the company's decision to sell off its U.S. beverage business -- the Dr Pepper Snapple Group. He thinks the company can realize greater efficiencies with a more focused operation, pushing up margins from last year's 10% to a peer average of 14% to 19%. So far this is proving so with first-half 2008 margins up 210 basis points, or 2.1 percentage points. "Assuming this continues," Sloan says, "the firm should realize earnings growth in excess of 20% over the next three to five years." He sees 30% upside.

European businesses are recovery on the back of the greenback's rebound.
Strong brand identity around the world.
People are going to eat their sweets no matter what the state of the economy.

Cramer: Cadbury Makes Me All Gooey Inside
The company's forecast about rising gross margins bucks the trend, says Cramer.

Click here to watch the video.

But to hear any player in the group, especially new player Cadbury, say encouraging things could bring people back to kick the tires, if not buy.

Dr Pepper Snapple Pops Up on Wall Street
Kristin Bentz, The Talented Blonde, gets the story on the Dr. Pepper Snapple Group's spinoff from Cadbury Schweppes straight from CEO Larry Young.

Click here to watch the video.