Infant formula in emerging markets is a great business to be in, but nututionals include much more than infant formula. ABT, MJN, HNZ, Nestle, and Danone are also making good money from nutritionals for older children, adolescents and adults (e.g. #msg-80998638).
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”