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
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.
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.