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9 pts

Opinion on  Mechel OAO (MTL)     Sector: Basic Materials  >  Industry: Iron & Steel
Russia needs to learn to play nice

Jul 10, 2008 10:51 PM GMT
Return Risk
+0.86% MID
Sr. Analyst

With the recent restrictions on ownership out side of Russia, I encourage investors to take caution when investing in this country. While Mechel is exempt from this restriction since it's traded on the US markets, this is just another example of Russia not excepting globalization and trying to keep all their wealth internal. This may be a growing trend and something to watch out for. Mechel is a good company with a great business plan but if Russia doesn't learn to share, investors won't either.


MTL:  This call was made on 07/10/08 @ $43.01
Rating:   Neutral/Hold   $43.01 (07/10/08)
Closed:   07/16/2008 @ $47.25 (+9.86% in 6 days)
Target:   $47.00 (+9.28%) in One month


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