SP500 0.58% 2,958.8 standard & poor's 500

I bought NBG in NYSE, National Bank of Greece. And I will...

  1. 38 Posts.
    I bought NBG in NYSE, National Bank of Greece. And I will explain why below:

    The Grexit issue comes soon to an end. According to Bloomberg, the negotiations between Greece and European Union are going very well so Greece stays to EU and Eurozone:

    https://pbs.twimg.com/media/CDQ706TVAAIe6s6.jpg

    Even TheGuardian.com, which wasn't optimistic before, sees some light now:

    http://www.theguardian.com/business/live/2015/apr/23/greece-bailout-deal-may-eurozone-growth-live

    Also, until today:

    Greece has paid all the doses to its lenders, for example to IMF.
    Greece has sold T-Bills to collect some cash without any problem.
    The European Central Bank funds Greek banks every week.

    About NBG, it is the only profitable bank in Greece. Its Turkish subsidiary, named Finanbank has about the same market cap with NBG! NBG also hold a majority stake in Astir Pallas, which will be sold to the Arabic Fund "Jarmyn Street" for 300 to 400 million euros.
    So obviously, its current price per share consolidates a Grexit by 90%...

    After the temporary agreement between EU and Greece, NBG went from 1.10 to 1.96 in a few days.
    Now, if they complete the final deal , I think NBG will go above 2 dollars.
    I strongly believe Greece will stay in the EU and NBG will offer gains more than 80% in a couple of weeks. The risk/reward ratio is very favorable here.
 
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