Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Real Man who wrote (536)	8/26/1998 3:24:00 PM
From: P.T.Burnem	Read Replies (2) \| Respond to of 1301

In Russia "blue chips" are selling at a price close to earnings. Ficticious earnings, that is. ROS sports a P/E of 1.5... Yeltsin is finished politically, and may have to step down within the next 48 hours. Chernomyrdin will try to deal with Russia's economic krisis by printing money. The resulting hyperinflation will render the ruble worthless, further impoverish the populace, and undermine the economic reform.