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Strategies & Market Trends : Investment in Russia and Eastern Europe -- Ignore unavailable to you. Want to Upgrade?

To: djane who wrote (359)	7/19/1998 4:25:00 PM
From: Rob Shilling	Read Replies (1) \| Respond to of 1301

So, its looks to be about over, Russia seems to have made a good effort at getting most of what the IMF wanted. If the IMF releases the first tranche of money, that should end the ruble crisis. Then hopefully the markets will focus on other things besides the politics of the Duma. My 2 cents is that we have seen the bottom in the Russian market. though I don't have a good feel for how much more upside there is near term. I like LUKOY and ROS. I think they are both still trading below book value. There was an article posted on the LUKOY thread that said LUKOY has crude output equal to British Petroleum, and twice the reserves. Yet its market capitalization is 1/10 that of BP. I think ROS has a book value of around 24 and it is at 16 right now.