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 (734)	10/10/1998 10:31:00 AM
From: Z Analyzer	Read Replies (3) of 1301

<< Vi, is a market capitalization for a country's stock market usually close to GNP ?? Russia's market cap until today was about $8 billion. I am assuming GNP is still around $450 billion, maybe more if you count all the bartering. That would mean that Russian stocks are undervalued long term by an average of 50-100 times. Is that correct ??>> Not really. Alot of the companies that will someday comprise that market cap haven't been started or gone public yet. You have to figure what the existing companies will be worth. Perhaps 2 times sales with growth of 10-15 percent annually for as far out as you care to go. Also, what are your sources of info on Russia. Yours seem better than mine. I just use Yahoo search and WSJ and haven't seen any speculation on near term IMF loans.

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