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National Bank of Greece S.A. Message Board

  • gld1970 gld1970 Apr 8, 2013 4:47 PM Flag

    Will it ever see 1$ again?

    The answer is no for the foreseeable future. Maybe next few years if and when recovery takes place in Greece and if there is no renewed political turmoil upsetting the process. Having said even thought the bank's NAV is -ve, its cap should still be worth some money over and above ZERO because a) Its one of the biggest players in the region b) potential profits in case of recovery will be HUGE again. Meanwhile the biggest danger for 2013-14 is that NBG will bow under the market pressure and that of the Troika and be fully nationalized. If this does not happen (or is not somehow imposed upon on old shareholders), the price should remain between (40 or 42 cents) low - (88 or 91 cents) high. Will we see...April is critical month for investors renewed interest....

    Sentiment: Hold

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