National Bank of Greece (ADR) (NYSE:NBG)
The Company is involved in diversified financial services activities including retail and commercial banking, global investment management, investment banking, insurance, investment activities and securities trading.
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here is where I get mine...
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What doesn't kill NBG makes it stronger. As the rest of the Eurozone recovers Greece gets lifted and restored over next 5 years. Austerity measures already in place and soverign debt written down, Greek economy will recover faster than expected. NBG primed to follow other Euro banks to profits, but you can buy in now near rock bottom.
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Finally! Over a dollar :) I've been holding hundreds of shares forever. Will it pay off? Probably not, but I can dream.
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If it doesn't get nationalized, it will be back...remember Bank of America?
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The worst is nearly behind.
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this bank will survive.
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If NBG can survive two world wars it can survive this. The bank repurchased some of its preferred stock at a discount to liquidation and continues to hold significant power in Greek politics.
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The only good part of Europe's debt crisis is that all of their underlying problems are being brought to the surface. Now is the time to fix the problems and get back to making money. NGB was established in 1819 and will be open for business for a long time to come.
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Greedy When Others Are Fearful
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Although it's possible the bank could be nationalized or otherwise go to zero, it seems to me that's unlikely. In Greece, as everyehwere else, the banking class controls the politicians. Some kind of back room deals are going to be struck to keep NBG alive no matter what course Greece takes. If it doesn't go to zero, this is going to be a 10 bagger at the current depressed price.
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Discussions for forming a new Greek government are underway these days.
If the 3 talking parties (ND/PASOK/DHMAR) agree, then Greece gets a life extension and a lot of the recent political fear will dissipate. The situation politically will be far better than few months ago and combined to the new "growth" aura in the EU (Holland et al.), the prospects for Greece could improve in the short/medium term.
If the talks fail, then we go for elections in 2-4 weeks and SYRIZA will win without enough PMs though to form a government. Then things are pretty bad, Greece 90% exits the eurozone and starts defaulting.
In the short term (these few days), I expect a government to be agreed upon: ND/PASOK/DHMAR are not that dumb to let SYRIZA govern. This should give a boost to greek banks giving them back a fraction of what they lost during the elections.
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I just want to get some information of stock.
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Greece will stay in euro
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Greeks are tiring of austerity and being Germany's whipping boy. While the majority of them support the euro now, additional austerity is going to make them clamor for the drachma.
I predict an eventual exodus from the euro and return to the drachma in the next 6-12 months
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Eather going way up or to 0 options call anyone!
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It'll go up in the short term due to the prospect of bailouts, but I'm not too interested in how tall a house of cards can get before it falls.
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First to go down in Europe, first to come back. They are capitalising and the numbers look good. There may yet be hope for an NBG/Alpha merger, or NBG may snap up some of the smaller banks as they get into deeper doo.
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Purely speculative bid. Has the potential to be a 4 or 5 bagger. If Greece defaults this is toast, but at the point we may have much bigger problems.
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Bailouts and zero percent interest. NBG will outperform the market for the same reasons US banks did
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