National Bank of Greece ADR (fka NBGGY)

[Alpha Investor]

It turned small profit; as opposed to 18 million loss in 2011.

http://finance.yahoo.com/q/is?s=NBG+Income+Statement&annual

No cash flow: grand total 45 billion in hole

Cash flow statement is trending higher/previous losses
http://finance.yahoo.com/q/cf?s=NBG+Cash+Flow&annual

Assets increasing
http://finance.yahoo.com/q/bs?s=NBG+Balance+Sheet&annual

3X sales/ price to book is: .74 so like many other overly punished stocks trading below its net worth. Hasn't paid dividend since 2010 but that could be likely in a few years.
http://finance.yahoo.com/q/ks?s=NBG+Key+Statistics

These technical to me seem to indicate a good value and decent probability to trend upward.

Looks like they didn't bode well on a EU bank stress test...

J.P. Morgan Analyst David Aserkoff sticks with its two Greek picks: National Bank of Greece and the Greek utility Public Power (PPC.Greece).


“We expect the catalyst for the banks to be the successful resolution of the AQR [asset quality review] process in October … We swap out Piraeus Bank (BPIRY and TPEIR.Greece) for Alpha Bank (ALBKY and ALPHA.Greece). We think Alpha has a better balance sheet with very similar upside.”

http://blogs.barrons.com/emergingmarketsdaily/2014/10/30/national-bank-of-greece-down-50-in-2014-still-has-fans/?mod=yahoobarrons&ru=yahoo