Seeking Alpha

hs0zfe's  Instablog

hs0zfe
Send Message
Living now in SE Asia
  • Greek state bankruptcy becoming more likely: watch NBG's graph 1 comment
    Aug 23, 2011 6:22 PM | about stocks: NBG
    Newspapers keep reporting how unlikely it will be that all parliamens are going to ratify the latest aid package (decided by some leaders). The Bundesbank - not known for its overdramatic tone - is questioning the democractic and legal foundation of the latest decisions.
    While politicians keep playing their little games of deception, suckering the voters into believing "agree to this measure and this will be it" (psst - for the next 12 months), the all powerful market shows how it values NBG. Today, it hit $ 0.87. Check out the options fees paid. 
    NBG owns a very profitable Turkish bank, Finansbank, valued at $ 5.4 bn. It has the most ATMs, branches etc. And I thought it would make it based on its unique position at the heart of the Greek economy. If only it didn't have $ 13 bn of those toxic GR government bonds on its books!!!

    Now you see the whole stinking mess: The ECB keeps buying this junk, aiding French banks etc. How about letting NBG unload its $ 13 junk bonds for 11.xx bn Euros? Be generous, be fair, and make a change in GR with your aid!

    Disclosure: Author is long on NBG and has options positions (sold calls, sold puts, have straddles)
    Themes: Greek crisis Stocks: NBG
Back To hs0zfe'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 (1)
Track new comments
  • hs0zfe
    , contributor
    Comments (28) | Send Message
     
    Author’s reply » Troika numbers are a JOKE! Falling deposits meet fractional reserve requirements...
    27 Mar 2013, 11:49 PM Reply Like
Full index of posts »
Latest Followers

StockTalks

  • ALBKY - buy, when the cannons are roaring (Andre Kostolany)
    Feb 5, 2015
  • Advice to WFC - Come clean on the shadow inventory. Be aggressive with foreclosures and the sale of REOs!
    Feb 14, 2010
  • Advice to ANH - Keep being Conservative. Keep reporting things as they are without any attempt at window dressing. Get 8 x leveraged!
    Nov 17, 2009
More »

Latest Comments


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.