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


To: Real Man who wrote (554)8/27/1998 4:46:00 PM
From: P.T.Burnem  Read Replies (1) | Respond to of 1301
 
The market cap reflects the value of a company, minus what it owes to tax collectors, minus what it owes to creditors, yada, yada, yada. Stockholders are at the very end of this pecking order.

Just because Russian companies are worth something does not mean that their stocks are not worthless, give or take a few kopeks.

PTB