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European shares are at their lowest valuation relative to the U.S. in 40 years, says BCA...

European shares are at their lowest valuation relative to the U.S. in 40 years, says BCA Research, which advises not pulling the trigger until a "market riot" finally forces the ECB to become more like the Fed. Ideas: Total (TOT) and Shell (RDS.A) sell at far lower multiples and higher yields than XOM. Sanofi (SNY) and Siemens (SI) - stunningly cheap.
Comments (1)
  • This has been an interesting trend this year. I mostly avoided EUR denominated shares with a preference towards Norwegian or Swiss founded/based companies, other than my long term holdings in TOT. With the EUR losing ground to the USD it makes some of these companies shares into great bargains. I picked up some shares in SI not long ago, but I am waiting on further market weakness to increase my position. The trend is dragging slowly downward, so patience is necessary.
    17 Jul 2012, 02:33 PM Reply Like
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