Financial Exchange Stock Talk: Steven Jon Kaplan On PAK And TUR

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Includes: PAK, TUR
by: Steven Jon Kaplan
Summary

We partner with Financial Exchange Radio to produce a weekly segment with Seeking Alpha authors.

Steven Jon Kaplan continues the series with his bullish picks: iShares MSCI Turkey ETF, TUR, and Global X MSCI Pakistan ETF, PAK.

In US, average P/E is 3x the level in Pakistan and Turkey. Geopolitical events have little impact on corporate profits. Currency risk is also overblown.