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Strategies & Market Trends : Investment in Russia and Eastern Europe
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To: P.T.Burnem who wrote (668)9/15/1998 4:20:00 PM
From: Rob Shilling  Read Replies (1) of 1301
 
<<P.S. Those who believe that Primakov will dispossess the native oligarchy before he robs foreign investors are fooling themselves>>.

The oligarchy has already been partially dispossessed by themselves. They chose not to reinvest in the Russian economy and instead to reinvest in Swiss bank accounts. So that was a capital allocation problem. Also, most of the banks that the oligarchs own are in trouble thanks to taking on too much risk.
In a capitalist system, if you do not allocate your capital correctly, you can lose a lot of money. That is what Russia and the oligarchs have experienced. The market has spoken.
Vi, I agree, Russian stocks are super cheap. The only bear scenario left is re-nationalization. I for one, took the risk and have bought ROS and LUKOY
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