Keith McCullough

Mother Russia's Allure

Leo, Investing is all about determing what is important. While the above isn't a graduate thesis on Russia, obviously, it does outline the key components of what will drive the Russian equity market.


On May 12 08:27 PM Leo Zimmer wrote:

> Your narrowly chosen thesis makes little sense in light of the very
> broad topic the name of the article suggests. Reducing Russia to
> the issues of corporate defaults and price range of the chosen ETF
> is just a poorly done excersise, which leads to confusion. This subject
> deserves better research and deeper coverage.
>
> Long: NILSY, MTL, Rosneft, Sberbank and RSX via Nov'09 calls.

Mother Russia's Allure

We are have been long Russia and are bullish on Russia, but are price dependent. Oil is a huge positive, as you note.

Mother Russia's Allure

We pulled the information from a Bloomberg article, which was corroborated by independent data points. What is the basis for your numbers?


On May 05 11:55 AM Gtarras wrote:

> Keith
> where do you get the following numbers from?
>
> $780 Billion of corporate debt, $135B-$220B of which is short term
> debt due this year
>
> Russia's international currency and gold reserves, the world's third
> largest, increased to $900 Billion
>
> ????
>
> I follow Russia closely, and this is the first time I have seen these
> estimates. They are greatly inflated compared with what I am seeing.
> Maybe I am missing something? Thanks.