Is it time to take a fresh look at Russia? asks Jen Wieczner on Fortune.com. The crisis in Ukraine has sent foreign funds running for the exits, pulling an already-depressed market down by around 12% so far this year.
Major companies such as energy giant Gazprom have traded on price/earning (p/e) ratios as low as three in recent weeks, while the overall MSCI Russia was on a p/e of five at the end of March. “Investors who thought Russian stocks looked incredibly cheap before think they’re practically irresistible bargains now.”
Of course, there’s good reason for [...]
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