"Nie ma realnego wzrostu. W najlepszym wypadku, przez następną dekadę będzie to stagnacja, a uzyskasz z tego 4% zwrotu." "There is no real growth. At best, this is flat for the next decade and you get a 4% return from it."

… hat business model is not the same business model when they were expanding globally 10-20 years ago. Sugar, this and that it's getting ugly and the ugliness is shown in the fact that they are spending 2 billion more on rewarding shareholders than they actually make to keep the business afloat. Little bit of inflation, that is their revenue growth. There is no real growth. At best, this is flat for the next decade and you get a 4% return from it. Therefore, Pepsico, if I would look at our table, I would put it here. So, the reward is low. The risk is relatively high compared to others. Therefore, it's not an investment that I would say, "Oh, wow, this is it." Perhaps in a basket of 4% yielders, but I think we can find better and we'll keep on looking for better. Subscribe for that. Check w …