Banco Santander(SAN:NYSE)

My personal take is that European Union will not break up, EURO will continue to exist and the debt crisis will come to an end sooner or later(or maybe ended already). Only in time like this, you can find bargains easily.

I am trying to get some exposure from the rise from ash of the European Union. The first industry I am thinking about is financial industry, especially those in traditional banking business(saving & lending), rather than investment banking business.

I came across Banco Santander, the largest European bank, undoubtedly, a Spanish bank, with great exposure in continental Europe, but with lots of exposure in other matured markets such as US and UK(top 3 in UK) and emerging markets, such as Latin Amercia, namely, Mexico(top 5 in Mexico), Brazil(top 5 in Brazil), Chile & Argentina.

Actually, I am not worried about its exposure to continental Europe, as I am a firm believer of Europe getting out of the mess and growing further. I am more worried about its exposure in emerging market. Its Brazilian business has growing NPLs. There is simply too much hype about emerging market(the in thing now is "MIST(Mexico, Indonesia, South Korea & Turkey)" not "BRICS").

hope to hear more from other forumers.

Banco Santander has risen around 50% from its low and I has not invested into it yet.

if it has risen 50% from its low, could u have missed the boat? btw are u aware of any gd forum discussion on european stocks? pls let us know thanks

(21-10-2012, 08:41 PM)pianist Wrote: if it has risen 50% from its low, could u have missed the boat? btw are u aware of any gd forum discussion on european stocks? pls let us know thanks

though rising by around 50%, it does not make it any of a bad bet. It is difficult to catch the bottom. or would you dare to catch the bottom.

sorry, I am not aware of any good forum discussion on European stocks. I normally only go through those big enough European companies having their ADRs trading in U.S.

Oversea market is not exactly what I am looking at all the time. Not worth the time to going through too many companies.