We have to understand Russia, and Construction in and around Moscow. They cant build much during the winter months. This means that right at the beginning of spring they buy materials and start to build.
Understanding Russia is a huge part of investing there. Understanding that winters are brutal is important.
Understanding that they do most of their building Spring, Summer and Fall, and very little building in the Winter is important.
Did you see the inventory increase? Inventory went from 95 mil to 145 mil, thats a $50 mil increase in inventory.
As they sell these property's that they build the inventory will decrease and the sales will increase.
Remember this company has 1.2 billion in projects contracted and that need to be completed in the next 3 years.
Lets divide that out, to an average of 400 million per year in projects. Thats a huge number and growing. This company is very healthy and growing. This stock is highly undervalued.
