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Banco Santander, S.A. Message Board

  • MARCELAQUEVEDO MARCELAQUEVEDO Aug 29, 1998 2:45 PM Flag

    WORLD MARKETS HAVE CRASHED...

    the oversea�s problems are going to go away over
    nite this is going to take some time to fix.
    this
    week coming up is going to be very interesting. since
    we are going to see if the G-7 is going to interven
    in helping out Russia, were there economy is in
    bankrupt.Latin Amarica is going thrrough some hard
    times.
    lest see if the USA is going to ignore the oversea�s
    problems..

    GET USED TO SEE REDDDD.
    GOING TO 9........
    BIG
    PROMBLEMS IN SOUTH AMERICA WERE THE HAVE INVESTED BIG TIME
    LOOK FOR BBV,STD TEF TO BE DOWN BIG

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • i have spent some time in Spain in the last few
      months and had the opportunity to talk to their people
      in several locations. I agree with you and would add
      that the attitude and knowlege of their people reminds
      me of the Home Depot people with a Spanish twist.I
      belive we have found a very good investment with a great
      plan and exceptional people to carry it out.

    • Ok, maybe so. Why is STD going to go to 9? Any
      data that you can share? Or is this an emotional blow
      out? Are you looking at comparative PE's? What is
      STD's exposure in Latin America? How much of their
      loans are there? Hope that you are wrong, but as a
      stockholder I am very interested. We could sell half now, and
      buy twice as much then.

      • 1 Reply to canoeist2
      • STD has been involved in many takeovers of South
        American banks as well as Banesto in Spain. The Banesto
        deal began initially as a 25% investment in a troubled
        bank four years ago. As Europe and especially Spain
        began to stabilize and grow Banesto, as our S&L's
        earlier this decade moved from the edge of backcrupcy to
        beign very profitable. Thus the buyout, and the 2-1
        stock split only a year after their 3-1 split.
        Additionally, I recall seeing on Yahoo business news that
        Santander took over management of the country of Chile's
        pension fund that involved several billion dollars of
        capital. With that large a sum, and annual management fees
        of even 1% or less they can make a sizeable sum of
        money without taking alot of risk. John Dessauer a
        noted Wall Street Week guest has touted STD as the next
        Citibank.Remember when Citibank was trading at $9 a share in 1990?
        and where is it now?
        For the longer term investor
        I believe there is still good potential in
        STD.

        I do not have any info regarding their loan or debt
        status.

 

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