ING Groep N.V. (ADR) (ING)
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.
Recs
ING has an illiquid balance sheet. It distributes an unsustainable dividend. The market prices ING as already bankrupt, as its ISP/ING perpetual debt is worth less than half its 25 USD emission price of 2002.
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Those who are hoping for a recovery will be disappointed. Sell early sell often
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more blah...
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I believe ING will bounce back. It has taken a real beating here recently but the good news is they are a very solvent company and they were not at all involved in subprime lending.
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P/E = 5.2x v.17.3x for S&P 500
Price/Sales = 0.3x v. 1.2x
Profit Margin = 5.8% v 6.5%
Return on Equity = 26.1% v 13.0%
Return on Assets = 0.6% v 3.7%
Long Term Growth Rate = 1.8% v 12.6%
PEG Ratio = 2.9x v 1.4x
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I like ing but the performance against the S&P 500 is consistently low. A good return on investment if bought short.
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interest rates are dropping and if you look at their stock trent its been in a gradual decline for a while

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