I like NBG. It's at an attractive entry price. Greece isn't going to leave the Eurozone. Too much depends on them staying and come closer to the Greek election next week the undecided voters will see that with the media really hammering it home to them. They will realize the recent econmic recovery will be undone if Syriza gets elected and I think we can expect a very nice price spike once that happens. Backing up the truck on this one.
From the Seeking Alpha Article:
https://seekingalpha.com/article/2801025-the-national-bank-of-greece-a-risk-worth-taking?uide=434666
- e banks financials are in the right direction.
- The nation's economic outlook is in the right direction.
- The stock is aggressively oversold.
- The algorithms signal is very high.
In comparison to the downside risks, which are:
- SYRIZA has to be elected.
- And, they decide to immediately default on their payments and leave the eurozone.
- And, the eurozone does not concede and lift some of the austerity measures set on Greece.
All three have to hold true for the downside risk to outweigh the upside potential. However; purely in terms of expected value, the stock in my opinion is Bullish in the short, medium and long term.