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Russia? Think Again

By Vitaliy Katsenelson, CFA As you look at the high-flying Russian stock market, you may feel like you want some of it. But before you dive into Russia consider this: as it is, Russia is a dysfunctional play on high oil prices as well as commodities. It is no less bureaucratic than it was some [...]

March 24, 2007 | Posted in Macro,Stock Analysis | Read More »

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  • John Sheldrick: Glad you liked our Sydney Opera House and it was designed by a Dane – A Genius. As to the...
  • John Sheldrick: So, it’s now just over 2 years later on from when you first wrote this Article and Stocks have...
  • badgerman66: Excellent article. Very thought provoking. One key point is that PE ratios can’t be used in a...
  • vitaliyk: Very good point. But even if this happens margins dropping from 15% to 10% for instance will drive earnings...
  • vitaliyk: unlikely