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National Bank of Greece SA Message Board

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  • jpomper jpomper Mar 9, 2011 3:43 PM Flag

    Analyst Opinion this week

    Hi Sam,
    on your question:
    1)yes, I am long on NBG, 60000shares, average price $1.95.

    2)I think EU wants and will hold the euro together, IMF and WorldBank is ready to assist, and they set a cleear path toward financial consolidation in Greece, is firmly in place:
    - Greece has to sell 50-100B state assets in 5 years, and lower debt/GDP ratio to managable level
    -keep a reasonably frugal state by spending much less.

    3) NBG is the biggest and strongest bank in Greece since 40 years (just like ING in Holland and UBS in Swiss) and this kind of financial power will never go down.

    So I feel safe with NBG, just like I feel safe with my ING shares.

    4) I have plenty of time. In 2-4 years NBG will at least triple, just like ING will.
    Both will bring me 20-30%/annum return, no matter what pundits say today or tomorrow.

    5)Just think for a sec: is the extremhigh oilprice really that bad for banks?
    The world's biggest lobby, the oil industry is clearly dying; no more oil in 10 years; the lobby will be dead, and instead 50 million electric cars/year produced (instead of gasoline engine cars), and the banks will make nice money on this grandiose transformation. If you want to make money on this, just buy uranium mines (energy production), and Lithium mines (energy storage). And bank shares, for somebody gotta finance them. Even in Greece.

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    • you said:

      "If you want to make money on this, just buy uranium mines (energy production), and Lithium mines (energy storage). And bank shares, for somebody gotta finance them. Even in Greece. "



      What would be the stocks that benefit from this transformation?

 
NBG
2.80+0.06(+2.14%)Oct 23 4:02 PMEDT

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