Seeking Alpha

Peter Osterlund's  Instablog

Peter Osterlund
Send Message
Peter Osterlund runs a private equity fund in Boston, Massachusetts. He studied mathematics and economics at The University of Chicago and has written about politics and the economy for such publications as The Economist, The Wall Street Journal, and Rolling Stone.
My blog:
PO: Peter Osterlund
  • They Print Money. Literally! 0 comments
    May 16, 2012 10:58 AM

    If the smart money expects Greece to bolt from the euro, keep an eye on the stock of a certain obscure English currency engraver.

    De La Rue makes money by, well, making money--or, to be more precise, by designing, engraving, and printing currency notes. And if Greece abandons the Euro, De La Rue is the country's probable purveyor of fine drachmas, and lots of them.

    In case you were wondering, yes, De La Rue (DLAR) was up by more than three percent today, punching out a 52-week high by the close of the trading day.peterosterlund.com/2012/05/15/delarue/

    Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in SPY, QQQ over the next 72 hours.

Back To Peter Osterlund's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.