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: Thomas Haegin who wrote (260)	7/2/1998 1:30:00 PM
From: Real Man	Read Replies (2) of 1301

On the other hand, look at ROS. p/e=6. The only one comparable telecom stock is TLK of Indonesia. ROS is a monopoly. How much lower can it go? OAO Rostelecom is an international telecommunications operator in Russia providing telephone, telegraph, telex, customer telegraph services, TV and broadcasting, switched and non-switched transit, leasing of circuits and network trunks. For the fiscal year ended 1/1/97, revenues rose 4% to RUR10.42 billion. Net income rose 26% to RUR1.6 billion. Revenues reflect increased national usage. Earnings also reflect higher interest income. biz.yahoo.com I agree on being VERY careful - the government talked about 30-40% ruble devaluation recently. I'm in a watching mode as well. Here is a link on the new measures. russiatoday.com -Vi

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