ITE: Reasons to be cheerful
I see rubles, up ahead
Looking at my recent posts, you’d think I’m obsessed with ITE.
It’s a very interesting stock. Top-down the case looks ropey. Financial crises are worse in emerging markets (see here, and here) so any company doing business in, say Russia, or Kazakhstan, faces an even more uncertain environment than, say, a domestic [...]
ITE: The other side of the ruble
From Russia with fear
Since yesterday, a report from Moody’s and a video from the BBC have unsettled me even more about Eastern Europe. Ignorance was bliss. A little information is terrifying. The truth is probably somewhere in between.
The gist of the report is that the credit crunch and collapsing oil price are costing Russian companies. [...]
Fear of the unknown driving ITE’s price down
The sum of all fears
Maybe it’s because I watched the The Sum of all Fears on telly last night, but my febrile emotional state is resisting ITE (ITE).
ITE, which organises trade shows, does a lot of its business in Russia, £66m in 2008 or about 60% of its sales. The Sum of All Fears, a [...]
