Introduction
Throughout the year I’ve been focused on analysing large companies that tend to ‘fly under the radar’, with the objective of finding undervalued companies sporting an attractive risk-return trade off. My theory being that the lower competition will translate to lower market efficiency and hence a higher risk adjusted return.
Upon completing my research on Gazprom (OTCPK:OGZPY) I was surprised how significantly undervalued this company appears and correspondingly, how high the potential returns appear. Whilst the potential return is very high, there are various unique political risks associated with this investment and