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Old 04-11-2010, 09:46 PM   #2253
Hollyshiit
Banned (ABWS)
 
Join Date: Nov 2005
Location: Vancouver
Posts: 256
Thanked 5 Times in 5 Posts
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Cant really say if its a good buy or not because i dont know what is ur time horizon and attitude towards with trading , however, i can point out a few simple facts "using some basic multiples" so everyone can understand about this company. After which, you can make the judgement urself.

In the near term, there will be lots of volatility within this company because of macro related factors. However, base on the last 5 years avg, the company had a price/book of 2.5 and price/sale of 3.0. At current PPS, current price/book is around 1.1 and price/sale is around 1.4

top line and bottom line has been growing steadly all the way upto 08, which is reasonable because of this financial crisis.

They have a tier 1 ratio of 11.3%, that is better than alot of the us banks out there.

I can go on and on about this company but i will leave it right here.

DISCLOSURE: LONG, ULTRA LONG, accumulated alot of shares inbetween mid to high 3s

I will also attach a 10yr income statement , and a link to Nbg's 2009 reults for ur reference

Link to 2009 results

http://www.nbg.gr/wps/wcm/connect/6e...2aff10e8b532e3

hope this helps
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