Your right? Time tio Buy. Bullets: Reaffirmed Dividend for balance of year, Reserves a/r taken for Spanish real estate losses of 18.5 Billion of which some will come back as bottom line profit in the future, 15% of there business is in Spain, Ratios of capital as good as the majors in the USA, High dividend payout,. Constantly raising capital through asset sales, Latin american business is very good with high returns.
Moving more into US market also, Not part of the Spainish bail out along with BBVA. Great management
and once the dust settles in Europe which it will Santander will be a powerhouse as this Bank is more Global then a Spanish bank. Profits will start to rise as most of the write downs have a/r been taken. Look for astrong profits going fwd, Almost all problems are behind them and they have positioned themselves very well under the current circumstances that they were under regarding the Spainish debt crisis. Look for this stock to more then double over the nest two years.