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: Rob Shilling who wrote (663)	9/11/1998 4:50:00 PM
From: Rob Shilling	Read Replies (2) of 1301

Hey PT, I noticed that the ruble on Yahoo-Finance is at 10 to a dollar. Of course it is going to be volatile, but this is the 3rd day in a row it has strengthened. But anyway, that was one of my predictions (ruble to 10-12). That is before much effort has been made to fix the economy. If the ruble settles to a longer term value of around 10 that would be just a 50% devaluation. Those companies that are trading at PEs of 1 because of devaluation fears would now trade at a PE of 1.5 (unless they raise prices). That is a screaming buy. ROS is a candidate for purchase.

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