Sunday, March 09, 2014

Top Russian Stocks

Unless you don't watch TV, don't read newspapers, or don't see news on the Internet, you have seen headlines about Russia and Ukraine on a daily basis. Last week,  I wrote about Ukraine stocks. Now I'll cover some of the stocks of Russia.

Russian stocks may be considered another contrarian play, as during the last two years, the Market Vectors Russia ETF dropped around 30%, grossly underperforming the S & P 500 which is up almost 40% over the same period of time.

Russia has the world's largest reserves of mineral resources and energy resources. It also has the world's largest forest reserves. Of all the major economies, it has one of the lowest foreign debts. In addition, it has the fourth largest amount of farmland in the world, the world's largest natural gas reserves, the second largest coal reserves in the world, the the eighth largest oil reserves in the world, and is the fifth largest renewable energy producer in the world.

The following are some of the companies that are based in Russia that trade in the United States, that were turned up by

VimpelCom (VIP) is a wireless telecommunications services company that operates in Russia, Ukraine, Kazakhstan, Uzbekistan, and Tajikistan. The stock has a P/E of 7.4, a forward PE of 7.6, and a yield of 9%. Revenues for the latest quarter were down 6.7%.

Mobile Telesystems OJSC (MBT) is a provider of cellular telecommunications services in Russia, Ukraine, Uzbekistan, and Turkmenistan. The stock trades at six times earnings, ana pays a yield of 1.8%.

Mechel OAO (MTL) is a mining and steel production company. The company recently generated negative earnings.

You can find a free list of ten Russian stocks that trade in the US at, which can be downloaded, sorted, and updated.

Dislcosure: Author did not own any of the above at the time the article was written.


No comments: