Barclays PLC (ADR) (NYSE:BCS)

CAPS Rating: 3 out of 5

A United Kingdom-based financial services group engaged primarily in banking, investment banking and asset management and risk management.


Player Avatar JakilaTheHun (99.94) Submitted: 5/27/2010 10:25:39 AM : Outperform Start Price: $15.91 BCS Score: -86.51

Euro crisis or not, I'm going to stick my foot in the water and give the green thumb to Barclays. It's selling near tangible book and selling at a single digit earnings multiple. It has international exposure and operates in both commercial banking and investment banking. While I am very much a Euro-skeptic right now, Barclay's diversification should help it considerably. Moreover, the places I'm particularly afraid of are Spain and Portugal and Barclays' exposure to both is small.

I am a bit saddened, however, that the market decided to rally today right after I decided that BCS was a good add. All the same, even at $17.50, this is still cheap.

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