Rostelecom (ROS) the Russian Telecom Company Message Board

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Technology Stocks : Rostelecom (ROS) the Russian Telecom Company

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To: Rob Shilling who wrote (6)	7/8/1998 10:21:00 PM
From: Rob Shilling	Read Replies (1) of 80

So what is the verdict ?? Is it time to buy ROS ?? I like both ROS and LUKOY. Russia is having problems, but ruble devaluation could be averted in the next few days with IMF help. Also, tax revenues are starting to flow into the government after a recent crackdown. The Wall Street Journal says that the Russian stock market is already discounting a 30-50% devaluation in the ruble. Seems to me this eliminates the risk. If Ruble devaluation is avoided there could be one heck of a bounce in the stock market. ROS has a PE of 6 now. Even if the Ruble devalued by 50% ROS would have a PE of 9. Also, ROS is trading at 1/2 book value right now.

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