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 (NYSE:MTL) is a mining and steel production company. The stock has a P/E of 22, and a PEG of 4.55.
Mobile Telesystems OJSC (NYSE:MBT) is a provider of cellular telecommunications services in Russia, Ukraine, Uzbekistan, and Turkmenistan. The stock has a P/E 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 (NYSE:VIP) is a provider of wireless telecommunications services in Russia, Kazakhstan, Tajikistan, Ukraine, Uzbekistan, Georgia, and Armenia. The stock has a P/E of 22, and a PEG of 0.7. It pays a yield of 0.8%.
Wimm-Bill-Dann Foods OJSC (NYSE:WBD) is a food, dairy, and beverage products company. The stock has a P/E of 35, and a PEG of 0.7.
CTC Media, Inc. (NASDAQ:CTCM) is a Moscow based company that operates television networks. The stock has a P/E of 32, and a PEG of 0.76.
Disclosure: The author does not own any of the above.
• • •Picture is courtesy of the Kremlin Presidential Press and Information Office.