Italian banks – A Renaissance (for some)

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Italian banks – A Renaissance (for some)

I like stocks that offer all of the following:

  • Large personal investment by the CEO.
  • Low valuation metrics.
  • Margin of safety, e.g., through an attractive dividend yield.
  • Liquid trading of the stock.
  • Clear catalysts on the horizon for a revaluation of the stock.

All the better if large swathes of the media and the investing public do not currently hold a favourable view of that particular company and the sector it operates in. Then you are pretty sure to have found yourself a bargain.

This 47-page report is bound to give you a slightly different perspective on banks in Italy, the shifts in the Eurozone banking industry, and the situation of one particular, widely-known pan-European bank.

I suspect this stock to become a future model case for buying when a sector is out of favour. Importantly, the CEO has already pumped a double-digit million euro amount of his personal funds into the bank's stock and bonds. He even bought at prices that were considerably higher than today's stock price.

From 3 December 2019 onwards, this CEO should have more time to focus on making his company's new equity story more widely known. It could be up from there. The report explains the relevance of this particular date.

In 12 to 18 months, this European blue-chip company should trade 40% to 50% higher. With a bit of luck, it might perform even better than that.

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