Saturday, April 12, 2008

Russian Stocks

Russia has a strong growing economy and as a BRIC stock, is one of the four horsemen for worldwide investment opportunities, along with the 'B' in BRIC, Brazil, the 'I' in BRIC, India, and the 'C' in BRIC, China. Russian stocks have become so popular that some alcoholic drinks are named after Russian stocks. The following are companies that are based in Russia that trade either on the New York Stock Exchange or NASDAQ.

Mechel Open Joint Stock Company (MTL) is a mining and steel production company. The stock has a PE of 22 , and a PEG of 4.55 .

Mobile Telesystems OJSC (MBT) is a provider of cellular telecommunications services in Russia, Ukraine, Uzbekistan, and Turkmenistan. The stock has a PE of 18 , and a PEG of 1.01 .

Rostelecom OAO (ROS) is a provider of domestic and international long-distance telecommunications services. Earnings for the last reported quarter were up 177%.

Vimpel-Communications (VIP) is a provider of wireless telecommunications services in Russia, Kazakhstan, Tajikistan, Ukraine, Uzbekistan, Georgia, and Armenia. The stock has a PE of 22 , and a PEG of 0.7 . They pay a yield of 0.8%.

Wimm-Bill-Dann Foods OJSC (WBD) is a food, dairy, and beverage products company. The stock has a PE of 35 , and a PEG of 0.7 .

CTC Media, Inc (CTCM) is a Moscow based company that operates television networks. The stock has a PE of 32 , and a PEG of 0.76 .

You can find information on Ukraine stocks and Kazahkstan stocks in previous articles.

Author does not own any of the above. Picture is courtesy of the Kremlin Presidential Press and Information Office.

By Fred Fuld at

1 comment:

Unknown said...

Mobile Telesystems OJSC (MBT) reported on Wednesday and it took an unwarranted beating. Tim Seymour from CNBC said sell VIP and buy MBT. One month ago, Jim Crammer was very optimistic about the stock. He had a special segment for MBT for 7 minutes. The stock has come down from a 52-week high of 104 dollars to 70.09 on Wednesday. I think this stock is poised for a major run to 85 very soon. Today it is trading at 75+ range. The TA looks very bullish now.

Matt from Orlando, FL