Please, correct me if I'm wrong. It seems a huge buying opportunity
to me in the Russian stock market.
... The so-called crisis in politics is overblown - who cares? Things
are moving in the right direction.
... The ruble will collapse, the ruble will collapse... Will it
collapse if most hedge funds are invested in Russia? Oh - I get it,
they will sink the ruble and buy then? Where are Mr. Soros and
Mr. Buffett? I heard they are going to buy.
... Last year I read somewhere about the market cap being 4% of GDP.
Well, 12% now is not that huge, or is it? The GDP halved since 1987,
and will hopefully grow soon. RNE was IPO-d at $20/share last year,
when the market was much lower. It is selling now for $23. It is
definitely selling at a discount (unlike TRF), but I don't know
where to find more information about it.
... Exposure of Russia to Asia is minimal, if I understand it right.
It is mostly connected to Europe, which is quite robust.
... Political dangers? If I understand it right, the new financial
kings have enough dough to buy the president they want.
Anti-democratic? Oh, yeah! But I don't think the poor russian
pensioneers and others who suffered have enough guts left to
fight for the "bright communist future". The young won't. Who will?
Can someone please explain to me what the pessimistic side is about?
I'm buying RNE long-term, and averaging down. -Vi |
