Return to Greece?
Prior to the economic downturn, Greece was considered a reasonable place to invest. Even yields on Greek government bonds were barely higher than those of comparable German bonds at certain points. But the collapse showed Greece to be a very different place, and turned investing in Greece into market speculation. Following the recapitalization, National Bank of Greece (ADR) (NYSE:NBG) appears to be a more suitable investment now that the reverse split and share dilution stemming from the recapitalization are behind it. National Bank of Greece still looks to be in a downtrend, posting significant share price losses per day falling from the $7 range into the $5 range in a matter of weeks. Those looking to add National Bank of Greece to their portfolio may want to consider waiting for the share price to stabilize or building their position over time. In the end, National Bank of Greece is still a risky investment, but it carries less uncertainty than it did before the recapitalization was implemented.
The article Is It Time To Buy This Greek Bank? originally appeared on Fool.com and is written by Alexander MacLennan.
Alexander MacLennan has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Alexander is a member of The Motley Fool Blog Network — entries represent the personal opinion of the blogger and are not formally edited.
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