A little over a year ago, I penned an article detailing my thesis for opening a position in Hershey (HSY). During which, I stated that in my opinion, concerns about growth in China were a bit overblown. Boy, was I wrong! This article examines whether or not my investment case still holds water.
The Wild Wild West
It doesn't take much exposure for China to realize that it is a culture much different from our own. Author Lawrence Allen in his book Chocolate Fortunes said that China is essentially a three centuries economy:
