Markets tend to be efficient even if from time to time they are subject to moody swings. In this case the very low P/E of Gazprom, indeed of the whole Russian stocks universe, begs the question of how much of that E does actually belong to you. That fat question mark explains much of the risk premium which Russian securities suffer...Originally Posted by jmm99
A great thing about capitalism is that I'm not forced to buy Russian stocks, and can chose among an amazing amount of options, some of them which will hopefully give my a higher return in the long run. Much Russian capital has voted in similar fashion, fleeing from Russia to find a home in the West.
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