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According to a new comScore report, Russia grew its base of Internet users by 15% last year and now accounts for 15% of Europe's roughly 400 million active online audience. That's excellent news for Yandex (NASDAQ: YNDX ) , the region's largest search engine.
In the following video, Tim Beyers of Motley Fool Rule Breakers and Motley Fool Supernova says the size of the opportunity demands a richer valuation than this stock currently possesses. Please watch, and then let us know in the comments box below whether you agree or disagree.
Regardless of your short-term view on Europe in the wake of the Cyprus blow-up, it can pay to look abroad, where right now there may be opportunity in Yandex peer Baidu (aka the "Chinese Google"). Our brand-new premium report breaks down the dominant Chinese search provider's strengths and weaknesses. Just click here to access it now.