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High-Grade Consumers

5 Pilar Gomez-Bravo Lehman Brothers

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What was one of the worst calls to make over the past year in your sector that you avoided?

A poor call would have been to tell investors not to participate in the new issues from consumer companies. New issues from Unilever, Gallaher, Ahold, Marks & Spencer and several others all performed well after issuance. These issues came at relatively fair prices and fit well the increasing

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