Investment in Russia and Eastern Europe Message Board

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Strategies & Market Trends : Investment in Russia and Eastern Europe

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To: peter michaelson who wrote (129)	5/16/1998 4:18:00 AM
From: Thomas Haegin	Read Replies (1) of 1301

Peter, I will see that I can put something up regarding LUKoil vs. the rest of the world. As for another interesting - if somewhat boring investment situation in commodities like metals and oil, I propose BHP (Broken Hill Prop.) of Australia. They are traded on the NYSE under "BHP". They used to be THE australian Blue Chip, but lost out to National Australia Bank recently. BHP some months (2 or 3 or so) ago sacked the former CEO Prescott and are streamlining operations at a fairly quick pace, but nobody seems to notice as the stock is moving sideways to down for endless times already. Of course they also suffer from low commoditiy prices. BHP has a very informative website and an email mailing list for their corporate announcements. They disclose very openly. No need to jump, but I have an eye on BHP. However, please do your own research. Meanwhile kind greetings, Thomas

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