"The key point for the stock market is that the months-long stalemate had to be broken," he wrote. "The political impasse was clearly impacting both business and consumer confidence." "If prices come down substantially, we would be buyers." Mark Mobius, who oversees about $30 billion in emerging market equities at Templeton Asset Management, said in an interview from Shanghai."We're not that concerned because we've seen this before" In a written note this morning, Mobius said "We remain of the view that the long-term outlook for Thailand is good." He said if prices drop, he would look to buy shares in bank, natural resource and real estate companies. Ian Beattie, who oversees more than $1 billion in Asian equities at New Star Asset Management Ltd. in London, said the coup is "good news" as long as the next developments are peaceful. "From a purely monetary point of view, it's good news," Beattie said. "It's removed the sort of impasse that Thailand reached politically." "Some of the short-term investors may take this opportunity to exit," said Hiroshi Yoh, who helps oversee $500 million at Tokio Marine Asset Management International Pte. in Singapore. "But us, as a long-term investor, we are going to stay. We're not going to panic sell Thai stocks." Michael Kurtz, a strategist at Bear Stearns Asia Ltd. in Hong Kong, took a more optimistic view. He upgraded Thailand to "overweight," calling for a greater investment than indicated by benchmarks. "The latest developments in Thailand set up a net reduction in political uncertainty and could speed a resumption of decisive governance that boosts already sagging business and consumer confidence," Relatively low valuations also justify investing in the country, he wrote. The Thai measure is valued at 10.7 times estimated earnings, the lowest among indexes for 14 regional markets tracked by Bloomberg. he wrote in a report. "The best case is that the army succeeds in its goal to stabilize politics, we get a reasonable and responsible interim government, elections that finally end this crazy political impasse we've had through 2006, and investors can enjoy predictable and rational policy making," John Green, head of Asia practice at Eurasia Group in New York, said in an interview. Leading Assets' Depew also said it may be time to buy. "I would not be surprised to see the market move higher in coming months," he said. "Valuations are already reflecting a lot of negative news.".