National Bank of Greece ADR (fka NBGGY)

[KMBSOUTH]

With the three splits 1>5 -11" 1>10 -13" 1>15 -15"
For one there is no investor confidence and the bank is going to have to slowly get that back. If they make smart moves, which they have so far in positioning their selves to be the top lender for the recovery. They have the lowest Loan to Debt ratio at 91% of all lenders at this time they just successfully paid off both pier 2 and 3 bonds so that should annually save them 200m looking ahead. They have the lowest debt to the ECB and the lowest ELA exposure. I believe NBG is setup to excel in the recovery and will have to win back the investors and most importantly the investment firms.
I still believe that there is fear of greece but I believe we have seen the bottom for Greece and with the increasing deposits QoQ and NBG having a lions share of deposits at 35% currently I believe they are positioned to take back their #1 ranking in Greece and get back to a healthy banking environment with consistent and steady profits. I believe this is a 1 dollar stock all day at the moment increasing with each positive quarter. What NBG does to increase investor confidence will tell the rest and I believe their headed in the right direction.