National Bank of Greece SA

NBG-N

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This company is not ACTIVE.

Analysis and Opinions about NBG-N

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
November 24, 2017

The number of shares is absolutely insane. The share count has grown dramatically. They’ve been in survival mode for quite a while, but thinks they will survive. It wouldn’t surprise him if they did a share consolidation. Share consolidations are virtually always bad for stocks. A speculative play, but it could be good. Doesn’t think you will lose all your money. He doesn’t see putting dollars on it at this time.

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The number of shares is absolutely insane. The share count has grown dramatically. They’ve been in survival mode for quite a while, but thinks they will survive. It wouldn’t surprise him if they did a share consolidation. Share consolidations are virtually always bad for stocks. A speculative play, but it could be good. Doesn’t think you will lose all your money. He doesn’t see putting dollars on it at this time.

COMMENT
COMMENT
April 20, 2016

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.

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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.

COMMENT
COMMENT
November 6, 2015

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.

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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.

COMMENT
COMMENT
August 4, 2015

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?

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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?

PAST TOP PICK
PAST TOP PICK
June 2, 2015

(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.

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(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.

DON'T BUY
DON'T BUY
March 27, 2015

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.

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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.

SPECULATIVE BUY
SPECULATIVE BUY
March 26, 2015

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.

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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.

DON'T BUY
DON'T BUY
March 11, 2015

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.

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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.

DON'T BUY
DON'T BUY
February 20, 2015

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.

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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.

SELL STRENGTH
SELL STRENGTH
February 9, 2015

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.

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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.

COMMENT
COMMENT
February 3, 2015

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.

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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.

PAST TOP PICK
PAST TOP PICK
January 28, 2015

(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.

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(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.

WATCH
WATCH
November 17, 2014

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.

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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.

DON'T BUY
DON'T BUY
October 8, 2014

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.

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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.

COMMENT
COMMENT
August 26, 2014

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.

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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.

COMMENT
COMMENT
July 25, 2014

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.

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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.

TOP PICK
TOP PICK
July 23, 2014

Like all European banks, they have gone through a very rough time. Thinks that the balance sheet repair job is done. Didn’t have to, but was forced to raise a lot of equity which hurt the stock price. Feels the balance sheet is in good shape. Have lots of excess capital. Owns a lot of government bonds, which are going up in value. Now it is just a question of a turnaround in the economy in Greece.

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Like all European banks, they have gone through a very rough time. Thinks that the balance sheet repair job is done. Didn’t have to, but was forced to raise a lot of equity which hurt the stock price. Feels the balance sheet is in good shape. Have lots of excess capital. Owns a lot of government bonds, which are going up in value. Now it is just a question of a turnaround in the economy in Greece.

COMMENT
COMMENT
July 9, 2014

National Bank of Greece SA (NBG-N) or Lloyds TSB Group PLC (LYG-N)? Likes both banks. Both are on his watchlist. If he were going to buy one, it would probably be the National Bank of Greece, but it is far riskier than Lloyds. Both have tremendous upside, but they both have an awful lot of shares, which will inhibit the upside somewhat.

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National Bank of Greece SA (NBG-N) or Lloyds TSB Group PLC (LYG-N)? Likes both banks. Both are on his watchlist. If he were going to buy one, it would probably be the National Bank of Greece, but it is far riskier than Lloyds. Both have tremendous upside, but they both have an awful lot of shares, which will inhibit the upside somewhat.

COMMENT
COMMENT
June 18, 2014

If you have a trading account, and if your risk profile will take it, take a trade in it. The banking group in Europe is not as far along as North American banks. Regulators still have an awful lot of say in it. Put a Stop underneath it, and don't let it go down on you. Use it as a trading situation.

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If you have a trading account, and if your risk profile will take it, take a trade in it. The banking group in Europe is not as far along as North American banks. Regulators still have an awful lot of say in it. Put a Stop underneath it, and don't let it go down on you. Use it as a trading situation.

COMMENT
COMMENT
May 15, 2014

Greece is a very troubled market and for that reason he doesn’t go there. Thinks the macro on Europe is that Europe has bottomed. It’s a very good sign that they were able to pass some bonds into the market. The volume in the stock is probably related that people could sell and get off. He would not buy this for his clients because it is highly speculative. If you can trade this type of stock, then definitely do that.

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Greece is a very troubled market and for that reason he doesn’t go there. Thinks the macro on Europe is that Europe has bottomed. It’s a very good sign that they were able to pass some bonds into the market. The volume in the stock is probably related that people could sell and get off. He would not buy this for his clients because it is highly speculative. If you can trade this type of stock, then definitely do that.

DON'T BUY
DON'T BUY
April 9, 2014

Owning a Greek bank is a bit of a crap shoot. Although the economy is recovering, it is still on shaky grounds.

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Owning a Greek bank is a bit of a crap shoot. Although the economy is recovering, it is still on shaky grounds.

COMMENT
COMMENT
April 1, 2014

Thinks there is a chance for huge upside on this. Has stabilized to a large degree. Greece is out of the news now for the most part so, to a large degree, it has stabilized. High risk. It could go down further, but for a contrarian investor, it is an interesting kind of play. If he were buying, he would want it at a lower price point.

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Thinks there is a chance for huge upside on this. Has stabilized to a large degree. Greece is out of the news now for the most part so, to a large degree, it has stabilized. High risk. It could go down further, but for a contrarian investor, it is an interesting kind of play. If he were buying, he would want it at a lower price point.

DON'T BUY
DON'T BUY
March 6, 2014

Probably one of the worst economies in Europe and still talks of leaving the Euro. It is a very challenged trade. Look at the UK because it was first into the recession.

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Probably one of the worst economies in Europe and still talks of leaving the Euro. It is a very challenged trade. Look at the UK because it was first into the recession.

DON'T BUY
DON'T BUY
January 6, 2014

We don’t know what is going to happen to Greece. It still has too much debt. Bondholders may take another haircut on the bonds they own. The economy is truly going nowhere despite the improvement in the deficit numbers. Too much risk.

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We don’t know what is going to happen to Greece. It still has too much debt. Bondholders may take another haircut on the bonds they own. The economy is truly going nowhere despite the improvement in the deficit numbers. Too much risk.

TOP PICK
TOP PICK
December 10, 2013

Thinks there is a lot more to go on this one. Not long ago, this was an $18-$20 stock. Just a simple leveraged bet on a turnaround in the Greek economy. Greek national bonds were upgraded recently, still weak, but nevertheless the trend is improving. Also, owns a big stake in a Turkish bank and Turkey’s economy is quite healthy. Have some real estate assets that are probably worth more than the average investor thinks.

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Thinks there is a lot more to go on this one. Not long ago, this was an $18-$20 stock. Just a simple leveraged bet on a turnaround in the Greek economy. Greek national bonds were upgraded recently, still weak, but nevertheless the trend is improving. Also, owns a big stake in a Turkish bank and Turkey’s economy is quite healthy. Have some real estate assets that are probably worth more than the average investor thinks.

BUY
BUY
November 11, 2013

Used to own. Has tremendous upside potential. 4-10 bagger. Risk is very palpable and one has to be very, very wary. Three times the beta of the S&P.

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Used to own. Has tremendous upside potential. 4-10 bagger. Risk is very palpable and one has to be very, very wary. Three times the beta of the S&P.

DON'T BUY
DON'T BUY
October 24, 2013

The good thing is that it hasn’t fallen over, so there must be something there. This is in a very toxic macro environment. Has high unemployment. Greek government has constantly had to go back to the ECB to get capital. There is a potential risk of Greece pulling out of the euro.

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The good thing is that it hasn’t fallen over, so there must be something there. This is in a very toxic macro environment. Has high unemployment. Greek government has constantly had to go back to the ECB to get capital. There is a potential risk of Greece pulling out of the euro.

SELL
SELL
September 11, 2013

He would not touch this. There are some major issues around Greece. In the very near-term Greece has to go back and borrow more money from the European Central Bank. A lot of macro issues there. High unemployment.

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He would not touch this. There are some major issues around Greece. In the very near-term Greece has to go back and borrow more money from the European Central Bank. A lot of macro issues there. High unemployment.

COMMENT
COMMENT
August 28, 2013

Not a business that he would own in his portfolio.

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Not a business that he would own in his portfolio.

DON'T BUY
DON'T BUY
May 24, 2013

A gambling stock. Has to be re-capitalized. A dangerous investment.

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A gambling stock. Has to be re-capitalized. A dangerous investment.

DON'T BUY
DON'T BUY
April 24, 2013

A very risky investment. Could even be put in the category of a gamble. In Europe, a lot of the banks need to be recapitalized and that is going to be a challenge. This is in a market where demand has just been destroyed, jobs have just been destroyed. There’s hardly anyone working there at the moment.

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A very risky investment. Could even be put in the category of a gamble. In Europe, a lot of the banks need to be recapitalized and that is going to be a challenge. This is in a market where demand has just been destroyed, jobs have just been destroyed. There’s hardly anyone working there at the moment.

COMMENT
COMMENT
October 2, 2012

This is on his Watch List. He owned this and lost money on it. Great contrarian play for those willing to take a big risk. Greece hasn’t been in the news quite so much but they are anything but out of the woods. If it turned around, it could easily be a 5 bagger. He is watching it.

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This is on his Watch List. He owned this and lost money on it. Great contrarian play for those willing to take a big risk. Greece hasn’t been in the news quite so much but they are anything but out of the woods. If it turned around, it could easily be a 5 bagger. He is watching it.

DON'T BUY
DON'T BUY
October 28, 2011
Was looking at all the Greek banks consolidating or merging but looking at the last couple of weeks, nationalizing of banks looks more likely.
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Was looking at all the Greek banks consolidating or merging but looking at the last couple of weeks, nationalizing of banks looks more likely.
COMMENT
COMMENT
October 4, 2011
He will probably sell his position and take a tax loss before the end of the year. The question is, will it be nationalized at some point. If there is a further write off of Greek bonds, this will be hurt badly. High, high risk.
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He will probably sell his position and take a tax loss before the end of the year. The question is, will it be nationalized at some point. If there is a further write off of Greek bonds, this will be hurt badly. High, high risk.
SPECULATIVE BUY
SPECULATIVE BUY
March 2, 2011
Much riskier than City. If it moves could moves higher than triple. Be very weary of Greek bonds.
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Much riskier than City. If it moves could moves higher than triple. Be very weary of Greek bonds.
WEAK BUY
WEAK BUY
September 17, 2010
Has it in his personal portfolio. Could see it possibly going into receivership and how it could take a haircut because of the Greek bonds but it is the leading bank in Greece and government employees salaries go through this. Highly risky.
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Has it in his personal portfolio. Could see it possibly going into receivership and how it could take a haircut because of the Greek bonds but it is the leading bank in Greece and government employees salaries go through this. Highly risky.