Seeking Alpha

Greek PMI highest in 4 years

  • For the first time since Socrates was a boy, quips Pawel Morski, the output component of Greece's PMI is above 50 for the 2nd consecutive month.
  • The composite read climbed to 49.6 in December, the highest print in more than four years.
  • Most of Europe is in the red, but stocks in Athens have their tails in the air, the General Index ahead by 3.5%.
  • ETF: GREK
  • National Bank of Greece (NBG+1.4% premarket
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Comments (7)
  • DeepValueLover
    , contributor
    Comments (10022) | Send Message
     
    (NBG) is the new (IRE) for 2014!
    2 Jan 2014, 08:44 AM Reply Like
  • JoseV
    , contributor
    Comments (408) | Send Message
     
    Exactly, it will triple in 2014, missed out on IRE, will not on NBG and others in Europe such as ALU!!
    2 Jan 2014, 10:14 AM Reply Like
  • Trojan48
    , contributor
    Comments (42) | Send Message
     
    Long on Alpha Bank SA might be better choice, long on IRE still plenty to go, long on SAN, long on VOD, all strong for 2014
    2 Jan 2014, 08:17 PM Reply Like
  • JoseV
    , contributor
    Comments (408) | Send Message
     
    Cant find enough good info on Alpha Bank to make an investment decsion but NBG is doing all the right restructuring actions and will be in super position when Greece and Europe recover.
    2 Jan 2014, 09:51 PM Reply Like
  • Donald Blum
    , contributor
    Comments (99) | Send Message
     
    What exactly is PMI? And another question--why do they themselves want to sell their Turkish unit, Finansbank, if it is so profitable? Why not keep it?
    4 Jan 2014, 09:36 AM Reply Like
  • JoseV
    , contributor
    Comments (408) | Send Message
     
    Purchasing Managers Index, they are selling non strategic assets as part of their restructuring plan but report has got it incorrect about which Turkish unit
    5 Jan 2014, 10:16 AM Reply Like
  • JoseV
    , contributor
    Comments (408) | Send Message
     
    NBG is selling 40% percent of its Finansbank stake and will keep 54% as part of raising its capital but keeping majority of this strategic asset
    5 Jan 2014, 10:32 AM Reply Like
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