Seven Ways to Invest in Greece

by: Stockerblog

Greece is a member of the European Union, the Economic and Monetary Union of the European Union, NATO, the OECD, the WEU, and the ESA. Shipping accounts for 4.5% of Greece's GDP. Its Greek-owned maritime fleet is the largest in the world, and tankers and dry bulk carriers are both ranked first in the world. Greece is ranked 24th on the Human Development Index, 22nd on the The Economist's World-wide Quality-of-life Index, and 27th for per capita GDP. The service industry makes up the largest and fastest-growing sector of the Greek economy. It also receives almost 20 million visitors per year.

Here are some Greek stocks that are worth reviewing:

  • 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 P/E of 21.7, a P/S of 1.33 and a yield of 1%. It reported a revenue increase of 17.4% for the quarter, year over year.
  • Hellenic Telecommunications Organization SA (OTE), is a major telephone and Internet service provider in Greece and southeast Europe. The stock has a price earnings ratio of 18.24, and a yield of 2.5%. It reported a first quarter net profit increase of 28%.
  • National Bank of Greece SA (NBG), is a large Greek banking company based in Athens. It also provides asset management, brokerage, and investment banking services. The stock has a P/E of 18.38, and a yield of 2.2%.
  • Alpha Bank Sponsored ADR (OTCPK:ALBKY), is another large bank that is based in Greece. The bank's subsidiaries include leasing services, financial services, investment services, information services, insurance, hotels and real estate. The operating margin is 45.62%, and the return on average equity is 22.13%.
  • Hellenic Petroleum (OTC:HLCPF), is an oil and gas company, that markets petroleum products and distributes natural gas. Its operating margin is 3.93%, and the return on average equity is 9.5%.
  • 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. The stock has an operating margin of 6.25%, and a return on average equity of 4.04%.
  • Public Power Corporation S.A. (OTCPK:PUPOF), is a major electric utility in Greece, generating electricity through lignite, oil, hydro power and natural gas. Its operating margin is 12.39%, and the return on average assets is 3.22%.
  • Disclosure: The author does not own any of the above.