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.