Anyone have an opinion on Russia investing? The oil majors pay 10%+ dividends and are growing. Considering they're actually paying shareholders, it doesn't seem like a scam.
Stuff like $SNGSP seems absurdly cheap.
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For example, this company owns 90% of Russia's pipeline, a robust monopoly business. Trades at 5 times earnings. US ones seem cheap to me at 12 times earnings. And this has less debt: https://finance.yahoo.com/quote/TRNFP.ME?p=TRNFP.ME&.tsrc=fin-srch …
What’s there to study though? Like...the yields are good. You just pick a number out of the air and say that’s the percent chance they screw foreign shareholders. Run the math and you’re done.
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Study how legit this is. It's been business as normal for a long time. I've heard Russia is uninvestable a couple times. But just because everyone says something doesn't make it so. I have to figure out the incentives of Putin, essentially?
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