The case for ING (adr)
A strong case can be made for ING which is one of the cream of the crop value stocks out there right now. Trading at a measley 1.8x P/E and trading below book value, this one looks like a potential long term winner.
While they have recently cut their dividends for the upcoming year (this is prudent) and have asked for cash before as opposed to after any sort of blow up happens. Not that I'm expecting a blow up like other financial instutitions. The difference is that ING is very conservatively run and has no exposure to the subprime debt that has plagued other banks.
As always do your due diligence. The trading price of ING makes it a very compelling long term hold. While there may be a bit of volatility in the short term, I believe they will weather out the storm and emerge stronger than ever in the coming years.
Disclosure: I have a full position in ING. Initiated a purchase at $10.10
While they have recently cut their dividends for the upcoming year (this is prudent) and have asked for cash before as opposed to after any sort of blow up happens. Not that I'm expecting a blow up like other financial instutitions. The difference is that ING is very conservatively run and has no exposure to the subprime debt that has plagued other banks.
As always do your due diligence. The trading price of ING makes it a very compelling long term hold. While there may be a bit of volatility in the short term, I believe they will weather out the storm and emerge stronger than ever in the coming years.
Disclosure: I have a full position in ING. Initiated a purchase at $10.10
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