Chicago Students' Proprietary Trading
Long/short equity, deep value, special situations, micro-cap

Alpha Bank: The Mother Of Greek Recovery Trades

Chicago Students' Proprietary Trading - May, 2014

We recommend Alpha Bank (BLMBRG Equity "ALPHA:GA", ADR "OTCMKTS:ALBKY") as a BUY.

Company Overview

Alpha Bank (OTCPK:ALBKY) is the second-largest Greek bank, with a domestic market share for loans of over 25%. It has been operating in Greece since 1879 and currently supports a market capitalisation of EUR 8.4B. The company also has other regional exposure outside of Greece, with 14% of assets located in South Eastern Europe, notably Albania, Cyprus, Romania, and Serbia.

Currently, the Hellenic Financial Stability Fund is the largest shareholder, with an 84% stake in the business. The remaining 16% of shares are held privately, with around half owned by individuals, and half by foreign institutions....

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
PRO Top long ideas returned 21.7% in 2016**
"As a PRO member, we get uniquely valuable perspective that go beyond our quantiative analysis... We rely on PRO to get beyond the numbers quickly and add much needed perspective. It keeps me ahead of the next big thing. - Mark Choate, Malaga Cove Capital"
Mark Choate, Malaga Cove Capital
"Contributors (writers and commentators), often have a long history in the secuirities they opine on and some are clearly well positioned industry participants with detailed industry views that can help provide color on where the skeletons are buried in a particular secuirity and/or industry."
Jim Roumell, Roumell Asset Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details