According to a new comScore report, Russia grew its base of Internet users by 15% last year and now accounts for 15% of Europe's roughly 400 million active online audience. That's excellent news for Yandex , the region's largest search engine.
In the following video, Tim Beyers of Motley Fool Rule Breakers and Motley Fool Supernova says the size of the opportunity demands a richer valuation than this stock currently possesses. Please watch, and then let us know in the comments box below whether you agree or disagree.
Regardless of your short-term view on Europe in the wake of the Cyprus blow-up, it can pay to look abroad, where right now there may be opportunity in Yandex peer Baidu (aka the "Chinese Google"). Our brand-new premium report breaks down the dominant Chinese search provider's strengths and weaknesses. Just click here to access it now.
The article Why Yandex Is a Buy Now originally appeared on Fool.com.
Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team and the Motley Fool Supernova Odyssey I mission. He didn't own shares in any of the companies mentioned in this article at the time of publication. Check out Tim's Web home and portfolio holdings, or connect with him on Google+, Tumblr, or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.The Motley Fool recommends Baidu and Yandex and owns shares of Baidu. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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