Here's Why I'm Excited About the Amazon of Russia
Ozon (NASDAQ: OZON) is an e-commerce platform that is rapidly gaining traction in Russia. Three years ago, Ozon was essentially unknown, but it is now the second-most-popular digital shopping service in the country, with 59% nationwide recognition. In addition, 73% of consumers polled shared that they trust Ozon, a total just below the 78% for fashion platform Wildberry, Russian's largest online retailer.
The company is far from a one-trick pony and is rapidly evolving into a conglomerate. So let's look at why 4.3 times revenue is an excellent price for the high-flying growth stock.
Image source: Getty Images.
Source Fool.com
