Sifting Out More European Bargains

After my look at European holding companies Monday, I got curious about what else might be cheap in the Old World. Many stocks and markets in the region have rallied on the heel of low rates and stimulus policies, but Europe's recovery attempt has been in fits and starts, to say the least -- so there are still some cheap stocks to be found. Some of the northern countries, most notably the regional powerhouse Germany, are doing OK. However, there are still nations like Spain, Italy and Greece, where fiscal problems are still quite evident. It is going to be a slow and often ugly process for Europe to get back on track, and those are exactly the type of conditions that favor a patient value investor.

The first observation I'll make is that there are a lot of family-holding companies, and most of them are very cheap. Although they have enormous market capitalization and decent liquidity in their home markets, that's not the case in the U.S. Here, most of these names trade on the pink sheets and are very illiquid. For that reason, I won't name any more names, but I will say that they are cheap and worth the time you might spend finding and investigating them....615 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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