ING Groep N.V. (ADR) (NYSE:ING)
CAPS Rating:
ING provides a range of insurance, banking and asset management services. It serves more than 60 million customers in Europe, the United States, Canada, Latin America, Asia and Australia.
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Shrinking EPS, shrinking earnings, shrinking dividends. Looks bad to me.
FY 2011 Earnings are expected to increase by 47% from FY 2010 earnings. If we assume that current estimates do not include the full write-down of goodwill in the US policies as well as under impairing US debt securities we could probably assume EPS growth of 30% for 2011 and still be on the conservative side. Dividends are estimated to be 0.13 per share in 2011 up from the current 0.01 per share.
Personally I would look for many more negative catalysts before shorting in a environment where paper money is flying off the presses or perhaps you have other criteria for determining a short candidate.