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Strategies & Market Trends : Investment in Russia and Eastern Europe

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To: Z Analyzer who wrote (1005)5/3/1999 1:36:00 PM
From: Rob Shilling  Read Replies (1) of 1301
 
SGUZY is a great company Z Analyzer. It is smaller than LUKOY, but it was more profitable in 1998 because it had less debt and has not been as agressive as LUKOY. LUKOY has more growth in its story and more downstream (gas stations, etc.). SZUGY is more of just a production only company. SZUGY is more conservative. LUKOY has also instituted a cost reduction program to further enhance profits. BTW, I would not wait for NYSE listings on any of the Russian ADRs. They could be much higher than now by then(especially since their popularity has been muted by their OTC Bulletin Board status). Even though they are bulletin board stocks, corresponding ADRs trade in bigger markets in Frankfurt and Berlin.
--ROS is dirt cheap as the Barron's article says. There will be more confidence in owning it when Russia's GDP starts growing again. I think Russia will start showing year over year GDP growth this quarter.
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