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Started By
Message
NBG....
Posted on 3/3/15 at 7:36 pm
Posted on 3/3/15 at 7:36 pm
Hey guys, I've been following the news overseas in Greece as best I can but I'm a novice trader. Is it crazy that I'm thinking about pulling the trigger on NBG? I just keep thinking about how Bank of America has rebounded fairly well after its "death" a few years ago. What can yall tell me about your feelings on NBG?
Posted on 3/3/15 at 7:41 pm to Early Riser
i want to buy on "feelings" also....haven't yet...this bitch could have fleas
Posted on 3/3/15 at 7:42 pm to Early Riser
I'm in. Down about 40% at the moment, actually.
Posted on 3/3/15 at 8:23 pm to Early Riser
I'm interested as well but not sure their situation parallels the BOA situation. The government in Greeceis far less stable than that of the U.S. I was there a couple years ago and seems like there is a big rift among the people about the austerity measures and inclusion in the Eurozone. I am interested in what others have to say about it because like you, I have been watching it as well but I really don't know when or if it becomes a good buy.
Posted on 3/4/15 at 8:13 am to lsualum01
Yeah, hopefully some more insight out there?
Posted on 3/4/15 at 8:15 am to Early Riser
I hold a speculative position. There are better banks in Greece to invest in, and NBG's model has been dilution, not debt. I averaged down in the .90's not so far back.
Posted on 3/5/15 at 7:48 am to Iowa Golfer
I also purchased warrants and preferred shares. Preferred shares due to previous redemptions, and warrant issued directly by NBG. The warrants are more risky as they need to be in the money upon expiration, but NBG issued warrants good until 2018.
The common stock mentioned above is really the risky play along with the warrants. The preferred shares are a pretty conservative play, and really how the hedge funds (which mostly played other Greek banks) played NBG.
I've seen several arguments about how NBG is a truly overvalued bank given its balance sheet, so again, the common stock play in light of their history of dilution is risky.
The common stock mentioned above is really the risky play along with the warrants. The preferred shares are a pretty conservative play, and really how the hedge funds (which mostly played other Greek banks) played NBG.
I've seen several arguments about how NBG is a truly overvalued bank given its balance sheet, so again, the common stock play in light of their history of dilution is risky.
Posted on 6/28/15 at 9:28 pm to Iowa Golfer
I think some opportunity might exist here. Or perhaps some other Greeks equities.
Speculative portion of your portfolio of course.
Speculative portion of your portfolio of course.
Posted on 6/29/15 at 5:50 am to Iowa Golfer
And so it begins. Moving off exchange at below .80.
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