Top Stories (NBG)
February 8, 2010 11:15pm EST
By Dimitri Kanellopoulos, BuyActive.com
Pick of the Month - (NBG) March 2010
NEW YORK (BuyActive) -
Here is my Pick of the month for March 2010, National Bank of Greece S.A.(NBG). Surprised? So far, my first three
picks of the month for the year 2010 are financial institutions
(BAC),(C),(NBG) - yes
that's right, financial institutions
As I've said before, 2010 is the year we will see the comeback of the financial institutions, which have been severely beaten globally
in the past two years.
National Bank of Greece S.A.(NBG) could be the best long term financial stock left to buy at a great price - it's a steal!
There is no problem with National Bank of Greece S.A.(NBG)'s finances. The bank is profitable but has taken a hit in a their share price due
to their exposure to government bonds and the potential for funding difficulties if things get worse.
The problems faced by the Greek economy are not as catastrophic as the world may think. These issues can be resolved and the bank will
once again see its share price rise substantially.
Great opportunities happen almost every day in the Stock
Market and 2010 will be the year to buy financial stocks. This beaten sector will see a significant increase in value.
Pick of the Month is not your average newsletter, it is a simple investment tool.
A lot of thought goes into each selection, I don't just pull our monthly recommendations out of a hat.
Each stock I recommend has been evaluated to give you maximum earnings with a minimum amount of risk.
Our target is to limit your downside risk while maximizing your profit by using sensible
and realistic trading strategies.
Any time I put my money on the line, I want to know the odds are on my side.
You don't have to be right 100% of the time, no one is. Nor do you have to perfectly time the ups and downs.
All you need to beat the market is just one good pick and Pick of the Month will help you do just that!
We do not promise unbelievable returns or a get rich quick scheme. We do believe that our visitors can achieve returns that are well
above average by using BuyActive.com as a guide for their stock market investments.
Based on our research and experience therefore, we have come to the following conclusion.
Dimitri Kanellopoulos, BuyActive.com
With a peek into the future, here is my Pick of the Month for March 2010. National Bank of Greece S.A.(NBG) - BuyActive Rating
Price on February 8 2010 $3.42
BuyActive.com Price target $7.50
Analyst Stock Recommendations
National Bank of Greece S.A.(NBG) is sound financialy. When others are running away, my advise is that's the time to buy -
it's a steal! Investors should look to Greece with confidence in this uncertain time because the country has
Greece issued an eight-billion euro bond recently and plans to issue another bond in February, reassuring markets it can raise funds
as needed to take care of their finances.
Greece has not asked for help from anybody and I believe they are in a position to take care of their problems by themselves.
If they are not able to handle things themselves, which I am confident will not be the case, then the EU will have to step in and
bail out Greece since the single common currency would be in jeopardy. Thanks to being an EU member, Greece cannot and will not default.
After this weekend's meeting of the G7 finance ministers and bankers, European Central Bank President Jean-Claude Trichet issued a
statement saying that he believed Greece "would meet tough new belt-tightening targets".
Earnings Forecasts 12/2009, 12/2010
For the fiscal year 12/2009, the average Earnings per Share Forecast is 0.58, for the fiscal year 12/2010 the average Earnings per Share Forecast is 0.54.
National Bank of Greece S.A.(NBG) is a solid company with great potential. For more details and information visit
National Bank of Greece S.A.(NBG).
Check the numbers below. The shares have taken a hit in the last three months of 55.98% due to their exposure to government bonds
and the potential funding problems should things get worse. The bank is profitable and a turnaround is inevitable. The share price will
National Bank of Greece S.A.(NBG) may be a once in a lifetime OPPORTUNITY...
"National Bank of Greece, the oldest and largest among Greek banks, heads the strongest financial group in the country. It boasts a dynamic
profile internationally, particularly in Southeastern Europe and the Eastern Mediterranean.
Founded in 1841 as a commercial bank, NBG enjoyed the right to issue banknotes until the establishment of the Bank of Greece in 1928. It has
been listed on the Athens Stock Exchange since the latter's foundation in 1880. Since October 1999,
the Bank has been listed on the New York Stock Exchange.
NBG is a financial institution legally operating subject to the Greek and the EU banking legislation, specifically the provisions, as currently
applicable, of Law 2076/92 whereby the second banking directive 89/646/EEC was incorporated into Greek law.
The NBG Group provides a full range of financial products and services that meet the constantly changing needs of corporate customers and private
individuals, including investment banking services, brokerage, insurance, asset management, leasing and factoring.
The Bank's branch and ATM network, the largest in Greece (575 domestic banking units and 1,514 ΑΤΜs), effectively covers the entire country.
It is developing and expanding alternative distribution channels for its products, such as Mobile and Internet banking. Today, after recent
acquisitions in SE Europe the Group's network overseas includes 1,238 units (data as at 30.09.2009).
One of the Bank's main strengths is the confidence shown in it by its customers, who hold over 9 million deposit accounts and more than 1.5
million lending accounts with NBG.
Having reaffirmed its leading position in the Greek market, the Bank is further modernizing its operations, backed by investment in new
technology, so as to better serve its customers and enhance its profitability".
National Bank of Greece S.A.(NBG) - Price on February 8, 2010 $3.42
BuyActive.com Price target $7.50 - BuyActive.com Rating
You need to have a portfolio of solid stocks. Believe me, you will not want to miss these profit-making opportunities.
Check out my top three picks and start making money from these winners.
Top Three Picks !!! BAC--Bank of America GE--General Electric JNJ-Johnson&Johnson