RECENT POSTS
FAST MONEY FEATURES
FAST MONEY POLLGet in the post game. Respond to our "Question of the Day" right now.
TRADE SCHOOLGrab a pencil because school is in session and the Fast Money traders are teaching class.
FAST MONEY PODCASTSDownload Fast Money onto your MP3 Player.
FAST MONEY WIDGETGrab this all-in-one application and get recaps of the show sent right to your desktop or blog.
SHOP FOR FAST MONEY MERCHANDISEGet your game on with Fast Money gear.
FAST MONEY PHOTOS!Check out our scrapbook. These "pix" are guaranteed winners.
NEWSLETTERSign up and receive a recap email every Friday after the show!
FAST MONEY MOBILE ALERTSGet advanced information about the next Fast Money.
Text Size 
 |
From Evraz’s $564 million acquisition of Claymont Steel to Severstal’s purchase of Michigan-based Rouge Industries, these new capitalists armed with cash and a favorable exchange rate are making the most of Russia’s boom and America’s garage sale.
Brennan said the CEO of Russian-based Mechel [MTL
Loading...
()
] told her he’s openly looking for acquisitions in the iron ore, steel and nickel spaces, as is Severstal, which already has 20% of its global business in the U.S.
But it’s not easy to play many of these Russian companies, which trade mainly overseas as ADRs. Tim Seymour noted Mecehl trades in the U.S, as do some other non-commodity Russian stocks like Mobile Telesystems [MBT
Loading...
()
], CTC Media [CTCM
Loading...
()
], Vimpelcom [VIP
Loading...
()
] and there’s always the Russian ETF [RSX
Loading...
()
].
______________________________________________________
Got something to say? Send us an e-mail at and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to .
Trader disclosure: On Jan 30, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Finerman's Firm Is Short (IJR), (IYR), (IWM), (SPY), (MDY), Finerman’s Firm and Finerman Own (CROX), (HD), Finerman Owns (CROX) Calls, Finerman Owns (GS), Finerman’s Firm Is Short (LEH) and Owns (LEH) Puts Finerman’s Firm Owns (MO), (SUN), (TSO), (VLO), (WMT), (YHOO); Najarian Owns (AAPL) Calls, Owns (C), (CSCO), (ETFC), (MCD), (MS), (MSFT), (XLF), (RMBS), Calls, (YHOO) Calls; Macke Owns (ATVI), (YHOO), (DIS), (INTC)
Tim Seymour's firm Seygem Asset Management Owns (CTCM)
Data is a real-time snapshot *Data is delayed at least 15 minutes