Prem Watsa of Fairfax and Ross Wilbur of WLR Funds have recently announced an investment in Eurobank Ergasias - fourth-largest Greek bank. This will likely mean an end to the free fall of the bank's share price following capital infusions and partial nationalization due to 6 year long recession in Greece.
Investors have a great opportunity to invest alongside value investment gurus in the recovery of Greece's financial sector. The situation is likely to be a replay of US and Irish banking sectors in the years, when those who realized franchise value of banks at question and invested at the bottom of the cycle generated spectacular returns.
Eurobank and oligopolistic nature of banking in Greece
Following the prolonged crisis and...
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