Take a Long Look at Santander

Last month one of the smartest guys I deal with, a guy who has only made targeted good bets, said to me, "I am buying Banco Santander (STD)." I blanched, and told him all about the problems. He said, "And do you know the guys who run the bank like I do?" I said that I had talked to a bunch of them but the problems are unresolvable as far as I can see.

He laughed. He said that they had developed the ideal strategy of slicing up their overseas banks and creating equity, which, of course, is what is needed. He said that Santander is the best equipped bank in the PIIGS to handle this moment. He said you had to be willing to take stock for the dividend because they are smart and have a game plan....345 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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