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


To: Rob Shilling who wrote (589)8/31/1998 11:56:00 PM
From: P.T.Burnem  Read Replies (1) | Respond to of 1301
 
It was down 27%. Yes VIP is more western and traditional so it should be o.k. However, VIP's latest earnings report showed a year over year decline in earnings.

Never mind Russian "earnings", "book value", "dividend yield" and such. These are all phony.

I for one am realistic about how long it will take for Russia to become economically robust again. It could take quite some time, so since VIP is a cellular only company in Russia, it is not bullet proof.

The only bulletproof Russian investment I am aware of is T-72.