Saturday 31 August 2013

Yandex NV (YNDX): Yandex: A Russian Search Engine For Profit Seekers - Seeking Alpha

Yandex NV (YNDX): Yandex: A Russian Search Engine For Profit Seekers - Seeking Alpha:

"Our new stock idea is a speculation name, Yandex N.V., (YNDX), which is a Dutch company but really a Russian Internet search engine firm. Yandex trades on the Nasdaq exchange when it hasn't crashed, at around $33. Bank of America Merrill Lynch has a target price of $45. It is rated 'buy by 8 analysts, "strong buy" by 2, and "hold" by 2.

YNDX also offers search engines in Ukraine, Kazakhstan, Belarus and with its latest deal Turkey. Ukraine and Russia currently have tense relations, Turkey and Russia are at loggerheads over Syria, and Belarus and Russia dispute pricing potash, so there are clear and present political risks. Yandex search is financed via advertising to computers, mobile phones and other digital devices. It also does money transfers in its homeland via a joint venture with Sberbank, called Yandex Money, of which it owns 75%."

'via Blog this'

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