Quote:
Originally Posted by GregWeld
Not to turn this thread into the "stock pick of the day" kind of thread....
There have been a couple of "picks" by readers that are "gambles" or at least that's what they are in my opinion....
So this is outside Investing 102 --- but a stock I might purchase if I want to stick with my usual - when they're selling, I'm buying - mode of operation...
I'm looking at Banco Santander (STD) which I used to own - but it's now down around $7 a share (terrible PRICE performance) - but at this depressed level - it's paying a 12+% dividend.
This wouldn't be for the faint of wallet/heart - because this bank is squarely in the eurozone fight for it's life...
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Don't let the ticker symbol scare you
, this one looks very interesting. Lots of bad news has driven this stock down and they have been selling assets to increase their capital requirement. Despite the Euromess and selling some of their assets, they have stated that their intention is to maintain the dividend. They compare very favorably to their peers on many of the financial ratios (PE, price to book, net profit margin, etc), and they have a HUGE dividend. Like Greg said, this is not for the faint of heart as it will take a while for Europe to dig their way out of the current mess, but with a 12%+ yield, you are getting paid pretty good to wait.