National Bank of Greece ADR (fka NBGGY)

[yannigr]

And then he will have to deal with a R/S. And that's where is the problem. 50% discount looks good, but if it comes also with a 1/10-1/50 R/S? What then?
Sorry for all these negative posts but things are not pretty. NBG and other banks here look more like a typical pink share than a share of a big company that can overcome any obstacles with the protection of it's shareholders in mind. No one cares about shareholders or bondholders in a country with 25% unemployment. Would you care about someone's money when you are not sure for your future, when you don't have money or/and job?
Agricultural bank's shareholders, Post Bank's shareholders, medium class people with Greek bonds, (in Cyprus)Popular Bank's and Cyprus bank's shareholders AND depositors? All destroyed but life goes on.


JMO but unfortunately until now all the negative stuff seems to be closer to reality than all the hopes that this will go up.

P.S.
This guy is negative about the banks for MONTHS, if not years. He is very very negative. I don't know if he dreams to buy shares with a 0.1 euros value, but that he was saying months ago and everyone was laughing at him, now seems to becoming true. Google translation is not really good between Greek and English but you might have an idea about how much negative someone can be about bank shares.

http://translate.google.com/translate?sl=el&tl=en&js=n&prev=_t&hl=el&ie=UTF-8&eotf=1&u=http%3A%2F%2Fwww.bankingnews.gr%2Fbank-insider%2Fitem%2F85692-%25CE%25BD%25CE%25AD%25CE%25B1-%25CE%25B4%25CF%2581%25CE%25B1%25CE%25BC%25CE%25B1%25CF%2584%25CE%25B9%25CE%25BA%25CE%25AE-%25CF%2580%25CF%2584%25CF%258E%25CF%2583%25CE%25B7-235-%25CF%2583%25CF%2584%25CE%25BF-%25CF%2587%25CE%25B1-%25CF%2583%25CF%2584%25CE%25BF-21-%25CE%25B7-eurobank-%25CF%2584%25CE%25BF-fair-value-%25CF%2584%25CE%25B7%25CF%2582-%25CE%25B5%25CE%25B8%25CE%25BD%25CE%25B9%25CE%25BA%25CE%25AE%25CF%2582-%25CE%25B2%25CF%2581%25CE%25AF%25CF%2583%25CE%25BA%25CE%25B5%25CF%2584%25CE%25B1%25CE%25B9-%25CF%2580%25CE%25AD%25CF%2581%25CE%25B9%25CE%25BE-%25CF%2584%25CF%2589%25CE%25BD-010-%25CE%25B5%25CF%2585%25CF%2581%25CF%258E-%25E2%2580%2593-%25CF%2580%25CE%25B1%25CF%2581%25CE%25B1%25CE%25B4%25CF%258C%25CE%25BE%25CF%2589%25CF%2582-%25CE%25B1%25CE%25BA%25CF%258C%25CE%25BC%25CE%25B7-%25CF%2583%25CE%25B5-%25CF%2585%25CF%2580%25CE%25B5%25CF%2581%25CF%2584%25CE%25B9%25CE%25BC%25CE%25B7%25CE%25BC%25CE%25AD%25CE%25BD%25CE%25B7-%25CE%25B6%25CF%258E%25CE%25BD%25CE%25B7-%25CE%25B2%25CF%2581%25CE%25AF%25CF%2583%25CE%25BA%25CE%25B5%25CF%2584%25CE%25B1%25CE%25B9-%25CE%25BF-%25CE%25BA%25CE%25BB%25CE%25AC%25CE%25B4%25CE%25BF%25CF%2582-%25CE%25B7-%25CE%25BA%25CE%25B1%25CF%2584%25CE%25B1%25CF%2583%25CF%2584%25CF%2581%25CE%25BF%25CF%2586%25CE%25AE-%25CE%25B8%25CE%25B1-%25CE%25BF%25CE%25BB%25CE%25BF%25CE%25BA%25CE%25BB%25CE%25B7%25CF%2581%25CF%2589%25CE%25B8%25CE%25B5%25CE%25AF-%25CE%25BC%25CE%25B5-%25CF%2580%25CE%25B5%25CF%2581%25CE%25B1%25CE%25B9%25CF%2584%25CE%25AD%25CF%2581%25CF%2589-%25CF%2580%25CF%2584%25CF%258E%25CF%2583%25CE%25B7-%25CE%25AD%25CF%2589%25CF%2582-60