Are all these people trashing SAN the same person? I suspect so.
Great long term hold. Nice to see them get rid of Altamira (real estate). Papers in Spain suggest SAN should come out better on the deal than many think. In any event, the news will be applauded by investors.
One doesn't usually find ANALYST and RESPECT in the same sentence. These are the same people who rated all those toxic assets as "investment grade". Remember?! They are much to blame for the mess we are in today.