Replies to post #657 on National Bank of Greece ADR (fka NBGGY)

[yannigr]

Sorry for my English in advance. No time to correct them.

About that. They did better than expected if I can remember right. I also read today that UBS set a new price target of 4.25 euros from 2.75 previous price, if I remember correctly. Neutral.
Also it is speculated that any recapitalization for the Greek banks will also use preferred stocks not only common stocks. Papandreu wants common stocks only but I think he is finished and he knows it. No one wants him anymore and maybe he tries to pass to the people that he is a victim of the bad bankers. I really don't know what he is trying to do but he is history. He really really destroyed this country's reputation and people's reputation just so he can lead us in the IMF. Can you sort a country's bonds?
One last things I am reading. It is rumored that Blackrock's findings are not so bad for the Greek banks.


JMO