Greek National Bank (NBG) stock is trading around the sub $0.80 right now. I'm wonder if there's an opportunity for a potential gain here if the government can get their act together. Thoughts?
I assume you let your fingers do the walking in Google/Yahoo/Bing. This http://www.bidnessetc.com/50659-national-bank-of-greece-adr-nbg-greece-troubles-intact/ and numerous other pieces are to be found. I wouldn't play in Greece but that's me. Good luck.
It will take a really long time before Greece's economy recovers. Unless you are willing to buy NBG stock and hold it for more than 3 years then I think it would be much better not to take the risk.
As others have said, I wouldn't want to touch anything to do with Greece financially now or for a very long time. The mess that they're in at the moment is going to take years to recover, if they ever even do, and so it's just to big of a risk in my opinion.
Greece is a complete mess and the only way out of it is to default. Their debt is simply not supportable, at least not with their current way of living. And I have my doubts about them really doing what is necessary to stabilise their budget. So I would stay away for the moment, though the banks do have potential upside as the ECB loves to refinance failing banks.
