National Bank of Greece SA | StockChase
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National Bank of Greece SA (NBG-N (Unlisted)

Last Price Recorded: $0.1610 on 2015-12-01

ON STOCKCHASE SINCE Mar 2007

banks

National Bank of Greece SA


Signal Opinion Expert
     

2016-04-20

COMMENT
National Bank of Greece SA (NBG-N (Unlisted)

Thinks there will be a National Bank of Greece in a couple of years. The share count has gone to mega billions, a huge amount of dilution, which makes it difficult. The Greek economy will come back, but all the banks are in a very dangerous position. This is a crapshoot. You might want to look at Global X Greece ETF (GREK-N) instead.

banks
Benj Gallander

President, Contra the Heard Investment Letter

Price: $0.161
Owned: Unknown

2015-11-06

COMMENT
National Bank of Greece SA (NBG-N (Unlisted)

When you do a valuation, and it looks cheap, you have to have the ability to take the risk profile. It appears like it is turning, but there are things that could go wrong.

banks
Rick Stuchberry

Portfolio Manager, Richardson GMP

Price: $0.655
Owned: No

2015-08-04

COMMENT
National Bank of Greece SA (NBG-N (Unlisted)

For people who want to take on a lot of risks and who want to play he can see them going into this. It is on his radar screen. It is going to be very difficult for people to make money on this, unless they are traders, which he is not. Greece is going to exist in 5, 10, 25 years, but which companies might disappear and which ones will survive and possibly bloom?

banks
Benj Gallander

President, Contra the Heard Investment Letter

Price: $0.820
Owned: No

2015-06-02

PAST TOP PICK
National Bank of Greece SA (NBG-N (Unlisted)

(A Top Pick July 23/14. Down 59.80%.) This was his gamble on a turnaround in the Greek economy. It didn’t happen. The Socialists got in and people didn’t want to pay their debts back. They hired back all the bureaucrats that the previous regime got rid of. A very bad call.

banks
Fabrice Taylor

Publisher, The President's Club Newsletter

Price: $1.400
Owned: No

2015-03-27

DON'T BUY
National Bank of Greece SA (NBG-N (Unlisted)

The issue around Greece is that it effectively is a ton of political risks. As the political risks start to recede, then you are going to have the ability to assess the bank in its own right. There is so much political risk that he wouldn’t look at this bank.

banks
Darren Sissons

Vice President and Partner, Campbell Lee & Ross

Price: $1.270
Owned: No

2015-03-26

SPECULATIVE BUY
National Bank of Greece SA (NBG-N (Unlisted)

He sold and lost money on this one.  There is talk of Greece running out of money.  The stock has been diluted tremendously.  This is a dangerous, dangerous company.  It is hard for them to go under and there may be a lot of upside.

banks
Benj Gallander

President, Contra the Heard Investment Letter

Price: $1.310
Owned: No

2015-03-11

DON'T BUY
National Bank of Greece SA (NBG-N (Unlisted)

The one year chart shows a long downtrend. It may be breaking out, but he would want to see a series of higher highs and higher lows to indicate a new uptrend. Way too early to enter this stock.

banks
Keith Richards

Portfolio Manager, ValueTrend Wealth Management

Price: $1.280
Owned: Unknown

2015-02-20

DON'T BUY
National Bank of Greece SA (NBG-N (Unlisted)

He would encourage people to really think about what kind of stocks they want to invest in. He always very deliberately look for lower volatility type of stocks, and ones that can still demonstrate growth in earnings and in dividends. This bank is almost the opposite of that. Its major business right now is keeping hold of its deposit base. If it doesn’t do that, there is no business. You are going to have very little growth and a tremendous amount of volatility, the worst of both worlds.

banks
Charles Lannon

Director of Research, Toron Investment Management

Price: $1.960
Owned: No

2015-02-09

SELL ON STRENGTH
National Bank of Greece SA (NBG-N (Unlisted)

It is hard to know how this is going to play out.  Don’t sell on a day it is down 20% because they go up and down that much on a daily basis.

banks
Mark Grammer

Managing Dir. & Portfolio Manager, Gluskin Sheff & Associates

Price: $1.120
Owned: Unknown

2015-02-03

COMMENT
National Bank of Greece SA (NBG-N (Unlisted)

This is going like crazy right now with the new government in Greece. The government may be coming to some realization that they have to come to some negotiation here. As an investment, this is high risk, but could be a risk worth taking. One of the biggest problems is their share count, which is over 3 billion shares. For the stock to go up a lot, that share, will impinge on the bank. If you want to take a flyer, this could be a good one to take.

banks
Benj Gallander

President, Contra the Heard Investment Letter

Price: $1.550
Owned: No

2015-01-28

PAST TOP PICK
National Bank of Greece SA (NBG-N (Unlisted)

(A Top Pick Dec 10/13. Down 82.90%.) This was a bet on a turnaround in the Greek economy. Instead they elected a party that could pull them out of the Euro entirely. He exited a while ago at a pretty stiff loss. He’s not going to make any more bets like this and will stick to his knitting.

banks
Fabrice Taylor

Publisher, The President's Club Newsletter

Price: $1.030
Owned: No

2014-11-17

WATCH
National Bank of Greece SA (NBG-N (Unlisted)

Greece is technically finally out of recession.  He continues to watch it.  Their share count has gone up monstrously.  There is a political question in Greece.  There is some possibility of a reverse stock split.  He cannot see this bank going under.  It could go up two or three times, but it is fairly high risk.

banks
Benj Gallander

President, Contra the Heard Investment Letter

Price: $2.180
Owned: Unknown

2014-10-08

DON'T BUY
National Bank of Greece SA (NBG-N (Unlisted)

This was on his Stock Watch list, but he eliminated it in the last couple of days. Often the reasons to Buy are less interesting than the reasons to Not Buy. The primary reason he decided against this was that the growth in the share count has just gone ballistic from about 200 million to about 200 billion. That is a huge increase and that is scary. There are better opportunities elsewhere.

banks
Benj Gallander

President, Contra the Heard Investment Letter

Price: $2.710
Owned: No

2014-08-26

COMMENT
National Bank of Greece SA (NBG-N (Unlisted)

This is on his Watchlist. He finds it is a very, very intriguing situation. This is a leader in Greece. They are still having a lot of problems in Greece. It would hurt their national pride if anything happened to this bank.

banks
Benj Gallander

President, Contra the Heard Investment Letter

Price: $3.580
Owned: No

2014-07-25

COMMENT
National Bank of Greece SA (NBG-N (Unlisted)

What you’ll probably find is that the US banks will move first, but a little slower. UK banks will be next and then Continental banks will be 3rd. Biggest upside is obviously going to come from the banks that have risen in the economies that have been most damaged. Greece is a definite example of this. You have to really look at the balance sheet and how much capital has gone into this and that Greece exporting is going to be able to perform. He is not so sure on the last point, but does think there is some upside here. A little more risky than what he would tend to do.

banks
Darren Sissons

Vice President and Partner, Campbell Lee & Ross

Price: $3.490
Owned: No

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1 Comment

Panayiotis Kourkoumelis Sr

January 18th 2017 at 4:02pm

The NBG was at one time the largest assets held bank in Europe, including Swiss Bank, Banque De Paris, and Commerzbank. Politics in Greece's debt crisis evolved into a monster and led to a new formed government who originally wanted out of the euro and then was convinced by top French, German, and Belgium officials to obtain untold amounts of euro, which they have to repay like 2-3 billion each time notes are due.
I strongly feel that the Greeks suffered enough from Greed and Graft and slowly will rebound as an industrious nation. I'm banking on NBG, Alpha Bank & Eurobank to achieve great prosperity with their cool Greek Management.
Panayiotis K.
+++


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