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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 (734)	10/9/1998 7:25:00 PM
From: Real Man	Respond to of 1301

Yep.

To: Rob Shilling who wrote (734)	10/9/1998 7:31:00 PM
From: Real Man	Respond to of 1301

100% of GDP is quite generous, though. This compares with 70% at the peak (in the US) in 1929, 150% at the peak in 1998; 130% of GDP at the 1989 peak in Japan, 330% at the peak in Malaysia. You never know... -Vi

To: Rob Shilling who wrote (734)	10/10/1998 10:31:00 AM
From: Z Analyzer	Read Replies (3) \| Respond to of 1301

<< Vi, is a market capitalization for a country's stock market usually close to GNP ?? Russia's market cap until today was about $8 billion. I am assuming GNP is still around $450 billion, maybe more if you count all the bartering. That would mean that Russian stocks are undervalued long term by an average of 50-100 times. Is that correct ??>> Not really. Alot of the companies that will someday comprise that market cap haven't been started or gone public yet. You have to figure what the existing companies will be worth. Perhaps 2 times sales with growth of 10-15 percent annually for as far out as you care to go. Also, what are your sources of info on Russia. Yours seem better than mine. I just use Yahoo search and WSJ and haven't seen any speculation on near term IMF loans.