sundrenched

Mechel Should Bounce on Russian Deputy P.M.'s Comments

A crucial difference here is that the CEO of Yukos was challenging the powers that be politically. The issue here has nothing to do with politics, so I think it's unlikely the company will go the way of Yukos. There would be a big cost in reputation, and a lot of angry Russian shareholders to deal with. So my guess is the market is over-reacting. Still, it's not for the faint-hearted. Who knows what this bunch of gangsters is going to do.