Banco Santander SA (SAN)

[Huggy Bear]

Im keen on Santander but miss the ticker STD. SAN is too blah, but it does acurately reflect the current market sentiment.

Santander has very strong financials for an otherwise troubled Euro fins sector. The sentiment regarding the EU is the holdup, not the financials. Santander is well capitalized, derives half of their earnings outside of Europe, and has made adequate provisions IMO for further losses in their real estate holdings - already priced in on the books but not priced into the pps in the current market sentiment.

Santander has also been giving me free shares instead of cash dividends for several quarters now. I am glad you posted regarding sleepy Santander today because that reminded me I need to call my broker tommorrow and give my dividend instructions.

Do you happen to know the ex-dividend date for this period? I also want to increase my position beforehand, the ratio was one share for every 36 owned last time around.

Too bad the ticker changed, I cant use our old joke anymore in the small investment group I partake in - "STD, try some, its not so bad...."

malc