+ Watch ING
on My Watchlist
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.
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.
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