EGFEY - This Greek Tragedy Is Over - Buy Greek Banks
The Greek crisis has been over for a few years now, and Greece is finally showing signs of recovery. I believe that Greek banks are currently undervalued and that we are reaching a tipping point in regards to sentiment and price appreciation. Over the next three years, Eurobank (EGFEY) and National Bank of Greece (NBGIF) will double or triple their market caps because they will grow book value, grow earnings, and deleverage themselves.
This opportunity only presents itself because of the Greek Tragedy known as the greek banking crisis. The fall followed the ancient formula