In this edition of The Motley Fool's "Ask a Fool" series, Motley Fool One analyst Jason Moser and Motley Fool Stock Advisor analyst Brendan Mathews take a question from a reader who asks: “What is the future prospects and growth for Russian stocks? Any good stock picks?”
Brendan is generally not a fan of Russian stocks. However, he would consider investing in Yandex (NASDAQ:YNDX). The company is the leader in search in Russia with over 60% market share, and it’s growing at a rapid clip. Over the past six years, adjust net income has grown over 40% annually. And the company only trades at 22 times earnings -- a cheap price, which undoubtedly reflects many of the risks of doing business in Russia. Jason prefers to gain international exposure by purchasing large multi-nationals that do business abroad.
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Brendan Mathews has no position in any stocks mentioned. Jason Moser has no position in any stocks mentioned. The Motley Fool recommends Yandex. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.