Subject: Re: Nestle Jim
Their products do not do well outside they US, where their penetration has topped out.

I probably misunderstood Jim's sentence. I understood it as penetration having topped out in the US while he probably means "topped out outside the US", which is exactly what I wrote - - - still I am baffled by the "do not do well outside the US". Growth wise, maybe, but therefore you get moat and unavoidability "forever".