Banco Santander SA (SAN)

[Huggy Bear]

I am of the opinion that if the EU shows stronger recovery in 2014 then SAN will be a sixteen dollar stock again. It doesn't matter to the market that 51% of Santander's revenue is generated in South and Latin America and with a small but growing US presence, the market perceives Santander to be tied to Spain primarily.

In the meantime I will continue to collect shares in lieu of cash dividend as long as this option is available.