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  • jacosa jacosa Aug 31, 2011 9:56 AM Flag

    Cash Converters burp

    An odd observation, but provocative. I used to work for Quaker Oats. Some years (and those mostly early on) the company did currency hedges, and some years it didn't. There was a policy against the use of exchange-traded options and futures to hedge grain prices. It seems to be an article of faith in today's business world that you only hedge exposures comparable to the entire business.

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