Barclays PLC (ADR) (BCS): Three Things to Hate About It

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A poor investment?
At his first Barclays PLC (ADR) (NYSE:BCS)‘ AGM last week, the new chief executive spoke of the values he was seeking to instill in the bank: respect, integrity, service, excellence, and stewardship. He told shareholders: “Cynics will say these will change nothing and I agree that words alone will make little difference. But I assure you these are not just words.”

Unfortunately, for the moment, they are just words. However, if you think Barclays PLC (ADR) (NYSE:BCS)’ scandals and reputational damage are behind it, the company could make for a good long-term investment.

The shares are currently trading at 290 pence — just eight times forecast earnings for 2013 with analysts expecting earnings growth to accelerate from 3% this year to 22% in 2014.

The article 3 Things to Loathe About Barclays originally appeared on Fool.com and is written by G. A. Chester.

G. A. Chester does not own any shares mentioned in this article. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.

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