Rodney Dangerfield said it best in the movie “Caddyshack” when he was talking to his broker while playing golf. #-ad_banner-#”Buy, buy, buy! Oh, everyone’s buying? Then sell, sell, sell!” The quick lesson from this is many times it is best to not follow the crowd. Instead, do the opposite — and history shows that times of crisis have proven to be some of the best times to invest. Right now, the market everyone is selling is Russia, driven by its incursions in Ukraine. Some of the hardest-hit stocks include VimpelCom (Nasdaq: VIP), Yandex (Nasdaq:… Read More
Rodney Dangerfield said it best in the movie “Caddyshack” when he was talking to his broker while playing golf. #-ad_banner-#”Buy, buy, buy! Oh, everyone’s buying? Then sell, sell, sell!” The quick lesson from this is many times it is best to not follow the crowd. Instead, do the opposite — and history shows that times of crisis have proven to be some of the best times to invest. Right now, the market everyone is selling is Russia, driven by its incursions in Ukraine. Some of the hardest-hit stocks include VimpelCom (Nasdaq: VIP), Yandex (Nasdaq: YNDX) and Gazprom (OTC: OGZPY). VimpelCom is down 36% year to date. Yandex is down 24% and Gazprom is down almost 5%. Are they worth buying on this pullback? Let’s take a closer look The Best Russian Telecom To Own VimpelCom is a leading telecom in Russia, Ukraine and many other parts of the former Soviet Union. In Russia, VimpelCom owns the #3 carrier, and in Ukraine, it owns the largest, Kyivstar. In total, the company has more than 218 million mobile subscribers. Over the last four years, VimpelCom has sought to lessen its reliance on Russia as it… Read More