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

To: Jim Fraser who wrote (819)	11/20/1998 10:06:00 PM
From: Rob Shilling	Read Replies (2) \| Respond to of 1301

The GKO debt has been restructured (short term treasuries) and Russia is now trying to restructure Soviet era debt. Buying Russian stocks now is like buying into a company that has just emerged from bankruptcy with much less interest expense to pay. Also, Russia -- the country that is supposably not a super power anymore and supposably does not produce anything, launched into orbit the first piece of the international space station. Note that the RTS index is still down over 80% this year. Russian stocks have plenty of room to move higher.