Spain Fund, Inc. (AMEX:SNF)

Liudvikas (99.19) Submitted: 9/14/2009 10:49:29 AM : Start Price: $6.83 SNF Score: +28.33

According to research firm Variant Perception, via John Mauldin, http://www.investorsinsight.com/blogs/john_mauldins_outside_the_box/archive/2009/08/31/spain-the-hole-in-europe-s-balance-sheet.aspx "Spain: The Hole In Europe's Balance Sheet":

"... Spain now has as many unsold homes as the US, even though the US is about six times bigger. Spain is roughly 10% of the EU GDP, yet it accounted for 30% of all new homes built since 2000 in the EU. Most of the new homes were financed with capital from abroad, so Spain's housing crisis is closely tied in with a financing crisis.
...
Spanish banks are hiding their losses and rolling over debt to zombie companies, much as Japan did in the last decade. ..."

theworldinvestor (77.15) Submitted: 7/22/2009 12:34:35 PM : Start Price: $5.63 SNF Score: -19.16

In General Europe and Countries there are far more sound than America could hope be