ING GROUP N V (ISP)

cashsage (86.16) Submitted: 4/17/2009 11:53:44 AM : Start Price: $10.28 ISP Score: -25.92

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.