Reuters) - National Bank of Greece : * U.S.-traded shares fall 20.8 percent to 57 cents premarket as it faces nationalization.
This was on April 8th. It was 57 cents, that would be 5.70 post split. I guess it's closer to Nationalization now??
By the stock price one would say nationalization was inevitable. On the contrary, this bank and the three other Greece pillar banks raise more capital than needed for the recap plan and before that Finch upgraded the banks to BBB- causing a massive run up in stock price just one month ago. In my opinion, there is no reason that justifies this cheap of price for NBG. I really don't get it all. Fundamentally, this bank is improving while the stock price keeps gapping massively down? Its pure fear and shorts piling in that have caused this stock to be extremely over sold.