Yandex's Business Remains Strong Despite The Ukraine Crisis
- Yandex's latest Q2 quarter showed that its search business remains strong and that it has been growing steadily despite the Ukraine Crisis.
- Yandex's stock was largely impacted by political events instead of business performance.
- Management expects that the company will achieve a full-year revenue growth of 25% to 30% in 2014.
- I believe that the stock will eventually recover when the Ukraine Crisis eases or is resolved.