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A financial group operating principally in Spain, the United Kingdom, other European countries and Latin America, offering a range of financial products.
Solid bank that is relatively well capitalized (in regards to most other banks) and not going anywhere anytime soon. They have been beaten down a lot recently b/c of the EURO "crisis", this is simply a case of taking down the good assess with the garbage ones. Yes, Europe has some trouble spots right now and they will likely continue to have economic difficulties going forward for quite some time, but that doesn't mean that STD is going to go bankrupt. While they are based out of Spain, ~50% of their income currently comes from Latin/South America. This region is a huge growth engine going forward and will help offset any potential European woes that STD may experience in the near term.To top it all off, STD pays out a solid dividend, ~5%, while you wait things out.The current EURO downturn presents an excellent opportunity to buy into STD on the cheap. So get out there and make yourself some money Fools!
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