Matthias Teig, CFA
Value, special situations, contrarian

ITE Group Plc: Still Dancing With The Russian Bear

The founder of ITE Group (OTC:ITEGY) wrote a book about his experience in Russia in the 90ies called "Dancing with the Bear". The conference organizer still has a high exposure to Russia and its business and share price are still influenced to a large extent by developments in this country and the market sentiment about Russia. Now, there is an interesting opportunity to invest in ITE Group one third below its all time high in autumn 2013 after the recent pullback of everything Russia related. Recent announcements have shown that there is a negative impact on the business, but also that the growth model is intact, which makes the current share price look attractive.

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