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ING Groep N.V. Message Board

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  • jpomper jpomper Aug 15, 2011 3:06 PM Flag

    j Pomper...

    Hi Sam,

    keep your head and calm is times like this. Hold your bank assets tight. This period will be looked back 3-4 years from now as the greatest bank buying opportunity in the last 20 years.

    Just 2 small reminder from the history of ING.

    1)March2003. ING was on sale first for $16, later at $12, fell even below $10.
    ING Market cap was cca. $18-$20B, and they made $4B earnings. This is PE=5, clearly great buying opportunity.
    No matter. Nobody wanted ING shares, as if Holland was under water. And all banks looked like terrible investment.

    After 3 years, in 2006, ING Market Cap was cca. $100B, their earnings was $7.7B.
    They almost doubled their earnings, while the price more than quadrupled. Everybody wanted ING. Those who hold their shares tight and sold here, got $40-$45 for them. Nice return for 3 years of holding.

    2)1996. ING shares are on market for $13-$14. Nobody was interested. The volume was 1/1000 of what is today.
    ING's market cap was $9-$10B. They made $1.6B earnings. The PE=5-6, great buying opportunity.

    After 3 years, ING's market cap was $30B.

    3. 2011, and ING's PE is...

    You will know the rest of the story.

 
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