National Bank of Greece (ADR) (NYSE:NBG)

Undervalued foreign bank play.

When a more rational market begins to ferret out individual bank stocks rather than pan the entire industry, NBG should rise to the top. Investor demand boosted a recent preferred stock offering to $625 million as opposed to the planned $250 million--a positive in my view. The 4%-plus dividend and 7-8 '09 PE look pretty sweet, too.

As near as I can tell, the word "Bank" in the name of this company is the only reason its shares are falling.

Let's look at the facts. NBG has rapid growth, good fundamentals, exposure to the growing markets of southeast Europe and Turkey, lots of cash, a great dividend... need I continue? Oh, yes, and then there's the fact that so far the company has been pretty much unscathed by the global credit crunch that is swallowing a bunch of its rivals worldwide.

Investors should eventually realize that this stock deserves a better fate than those leveraged losers.

Cheap cheap cheap, got beat up a bit lately, this bank is well positiened to benifit from investment banking growth in Europe. I see this one taking off.

NBG is a steal at $10.26. Growth has been outstanding, low risk high gain portfolios, this stock is a cinch to go up over $12 in the next month.Get in before it is too late!

Cheap stock, excellent recent earnings statement, little exposure to credit problems in Greece

Might go back down to support at 10 or so very briefly, but should otherwise be ready to resume uptrend within the next few weeks

A bank that is actually growing at over 20% a year and managing the credit crisis well. They have a huge presence in Turkey and Egypt, two hot growth countries, and I think that presence will keep them afloat during the rest of the credit crisis. They got hit for no real reason with the rest of the banks and should now start to creep back up.

This is the only financial I can say it is safe to start building a position in at this time.

GS

Fantastic. Great buy.

strong earning growth. low debt ratio. great dividend. strong moat being the biggest bank in Greece. Strong commercial lender with no exposure to subprime mess of U.S. Initiated stock buy back starting May 25 2008 to 2009. great divident and low p/e makes it a great value play. interest rate cut by reserve has been positive for this sector.

Facts suggest one thing, consensus is quite another.

steady stable performer.

20

Dominant market share and conservative management adds up to a seriously undervalued player in a fast-growing market.

Turkey, Greece and Central Europe have excellent growth potential. Why not own a dominant bank in the region.

This is a high growth bank in a hot market Eastern Europe. Should continue to outperform for the next two years or so.

This stock, as well as one of my few other equity holdings, HURC are way undervalued or at least NBG is for now. Everyone is paniced and doesn't know where to turn. Geesh fundamentals don't change.

Buy before Tuesday, when everyone else will take note.

Y screen