Greek Stocks: Time for a Turnaround?

by: Stockerblog

Now that the European Union has reached an agreement to bail out Greece, maybe now is the time to look at Greek stocks. Many of these stocks have suffered since October when news of Greece's economic woes started coming to light. Now with increased confidence, companies based in Greece warrant further investigation.

Hellenic Telecommunications Organization SA (OTE) is a major telephone and Internet service provider in Greece and southeast Europe. The stock has a forward price earnings ratio of 8 and a yield of 6.9%.

Coca-Cola Hellenic Bottling Company SA (CCH) is an Athens, Greece based company, which is a distributor of Coca Cola products in Europe. The stock has a forward P/E of 12, and a yield of 1.5%.

National Bank of Greece SA (NBG) is a large Greek banking company based in Athens. They also provide asset management, brokerage, and investment banking services. The stock has a forward P/E of 7.

Alpha Bank Sponsored ADR (OTCPK:ALBKY) is another large bank based in Greece. The bank's subsidiaries include leasing services, financial services, investment services, information services, insurance, hotels and real estate.

Hellenic Petroleum (OTC:HLCPF), an oil and gas company, markets petroleum products and distributes natural gas.

MJ Maillis SA Sponsored ADR (OTC:MJMSY) makes and markets packaging materials, tools and machines, including steel and plastic strapping systems, pallet and shrink-wrapping systems, and carton sealing systems.

Public Power Corporation S.A. (OTCPK:PUPOF) is a major electric utility in Greece, generating electricity through lignite, oil, hydro power and natural gas.

Picture is Mount Olympus in northern Greece.
Disclosure: Author does not own any of the above.

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