ALBKY - Outrageous Top Pick For 2018: Greek Banks
Investing in Greek assets has been a rather poor proposition over the last 10 years as the Greek crisis consumed shareholder capital and banks raised new equity at a large discount, thereby heavily diluting existing shareholders. As a results losses of over 95% since 2007 are the norm.
After all the pain of the recent years, we are in all likelihood at a turning point and returns for investors in Greek banks will be positive and potentially very high. Indeed, this is the most attractive trade for 2018 in my opinion.