DON'T BUY
Fortis NV
Has heartburn from its ABN Amro acquisition last June. Had another $2 billion write-down on CDO exposure and also had to sell assets to appease regulators. Scrapped the dividend and paid stock instead. This will create a huge dilution and earnings will probably be flat for the next couple of years. He sold his holdings.
insurance
COMMENT
Fortis NV
Involved with the Royal Bank of Scotland in the ABN-Amro deal and took over the retail business in the Netherlands. They have to integrate this, which is a longer-term process and could hold back the stock. If they meet all their targets they will do well over a longer period of time.
insurance
PAST TOP PICK
Fortis NV
(A Top Pick June 22/07. Down 40%.) Belgian bank. Started buying more shares when the dividend was increased about 3 weeks ago. Still a Buy.
insurance
BUY
Fortis NV
Basically went down because of the takeover on the rights issue. 7% yield. With the ABN acquisition, they get the Dutch operations, which will be very good for them. Very limited sub prime exposure. A tremendous buying opportunity.
insurance
BUY
Fortis NV
(Euronext Brussels and Euronext Amsterdam exchanges.) Likes the company. Yields 5.47%. Very cheap at 8 X forward earnings.
insurance
TOP PICK
Fortis NV
(Not available on North American exchanges.) Bank and insurance companies in Europe. 5.25% dividend yield. PE ratio is about 10 X earnings. Very deep value play.
insurance
BUY
Fortis NV
Under a new management team and is extremely well done. Shares have come off, because they are attempting a takeover, but is well worth it at this level. dividend is 5.3.
insurance
BUY
Fortis NV
A Belgian bank/insurance company. Dividend yield of about 3.6% and interest rates are about 3.4%, so you are getting the same yield with the prospect of capital appreciation.
insurance
TOP PICK
Fortis NV
Yields about 4.5%. Insurance as well as banking in Europe and China. Likes the long term prospects.
insurance
BUY
Fortis NV
Even with the big run it has had, it is still fair value.
insurance
TOP PICK
Fortis NV
Belgium bank. The leading dental health insurer in North America and insurance in Asia/Europe. Yielding 5%.
insurance
PAST TOP PICK
Fortis NV
(A Top Pick Aug 3/05. Up 32%.) Still likes. Dividends have been growing almost 20% a year. Yield of about 4.5%. Still likes and would recommend it as a buy.
insurance
TOP PICK
Fortis NV
Starting to grow out in eastern Europe where the big growth is occurring. The euro has been rising faster against the US$ than the Cnd$. A nice natural way to hedge your portfolio. 4% dividend.
insurance
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Fortis NV(FORSY-NL) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Fortis NV is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Fortis NV(FORSY-NL) Frequently Asked Questions

What is Fortis NV stock symbol?

Fortis NV is a OTC stock, trading under the symbol FORSY-NL on the (). It is usually referred to as or FORSY-NL

Is Fortis NV a buy or a sell?

In the last year, there was no coverage of Fortis NV published on Stockchase.

Is Fortis NV a good investment or a top pick?

Fortis NV was recommended as a Top Pick by on . Read the latest stock experts ratings for Fortis NV.

Why is Fortis NV stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Fortis NV worth watching?

In the last year, there was no coverage of Fortis NV published on Stockchase.

What is Fortis NV stock price?

On , Fortis NV (FORSY-NL) stock closed at a price of $.