The choices: Wimm-Bill Dann Foods (WBD), a large dairy and juice producer in Russia; FEMSA (FMX), the largest integrated bottler and beverage producer in Latin America; and Perdigao (PDA), the largest food producer in Brazil.

LARGEST RUSSIAN MILK AND FRUIT DRINK

"It's not an easy market to invest in," Cramer said. "Normally I'd say Wimm-Bill-Dann Foods(WBD)," but it has "a lot of debt."

For those attracted to Russia, there are several options, including the Market Vector Russia ETF (RSX), the successful ING Russia mutual fund (LETRX) and Russian stocks, some of which are listed in the U.S., including Lukoil, VimpelCom (VIP) a wireless operator, and Wimm-Bill-Dann (WBD), a food company.

oversold like











oversold a Kraft 50 years ago

He also blew it thinking that Russia’s commodity wealth would trickle all the way through to media. It did boost food and beverages through the consumer, helping Wimm-Bill-Dann and Central European Distribution. And it trickled down to infrastructure, thus the strength of Mechel, the steel maker.

Seymour also likes lesser known stocks such as Mobile Telesystems (MBT), Wimm-Bill-Dann Foods (WBD) and CTS Media (CTCM).

good

nice highs; good lows to buy

Credit Suisse said it is downgrading Wimm-Bill-Dann Foods (WBD) to Neutral from Outperform. Cites strong growth and fundamentals are already priced-in to the stock. Raised target to $122 from $119.50.

Valuation