Since Biomat is closed Sunday and Monday, no blood money yet, so this post is about stocks to think about investing in. I tend to be both a bit of a contrarian (I like stocks that are beaten down a bit) and a value investor -- stocks that make money, have good P/E ratios, that have nice dividends, that have good cash flows, are all interesting to me.
With that in mind, I'm thinking about European banking stocks today. First, the panic level is pretty high around European banks. I like that. Second, there have already been a number of steps taken by the IMF and the European Central bank to mitigate wholesale disaster in many cases. Third, the Euro is trading against the dollar at 4-year lows today, which makes dividends and stock prices look pretty tasty.
So... here are a few stocks that I think are worth looking at:
NBG (National Bank of Greece ADR) $2.60, P/E 0.10, Div Yield 2.40%
LYG (Lloyds Banking Group ADR) $3.29, P/E 0.85, Div Yield 17.50%
IRE (Bank of Ireland ADR) $7.13, PE 28.40, 35.40%
STD (Banco Santander Central Hispano SA ADR) $10.45, P/E 8.00, Div Yield 6.20%
Feel free to chime in with observations, comments, and suggestions.
Happy hunting, everyone!
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