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What. They are absolutely not a "huge beneficiary from the war". The value of the company has plummeted and the only reason it isn't nearly worthless is becau
by VWWHFSfQ 5y ago
What. They are absolutely not a "huge beneficiary from the war".
The value of the company has plummeted and the only reason it isn't nearly worthless is because the stock can't be traded anymore.
- repsilat 5y agoYandex is traded on the MOEX. It's priced around 1800 roubles/share, down from a pre-war high of around 6k and pre-COVID levels of around 3k. Beaten down, but not "nearly worthless", and it is traded. (Not on the NASDAQ though.)
- VWWHFSfQ 5y agoOh I guess I didn't realize that Russia re-opened their stock exchange. Does anybody actually trade on it? Also > 1800 roubles/share This is nearly worthless
- krab 5y agoThe ban on selling shares by foreigners is probably still in place. So the price might be somewhat overestimated.
- repsilat 5y agoRussians trade on it. Maybe they do have an overly rosy view of the company's fortunes, I dunno -- I don't know much about their business, how sensitive it is to the conflict and sanctions. The stock price movement is easier to reason about, I guess. By that metric they've had a worse year than Salesforce, Netflix, Uber, Google. I'd agree that the conflict isn't good for them, but "worthless" is a bit strong for my palate.