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The Greek Bank Tear Sheet is Now Available to the Public
I have decided to release the
Greek Banking Fundamental Tear Sheet to the public (you must select the free registration option here to access it if you
are not already a member of my blog). It was released as a summary of a
more verbose document designed to inform subscribers which of the Greek
banks we felt were worth putting short positions on as of
02/17/2010.
We have both summary and verbose tear sheets for banks based in
Italy, Spain, Ireland, the UK, the US and those exposed to the CEE
countries which we feel have significant room to run downwards. The
Spanish banks have returned quite handsomely thus far.
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Hmm. 'Tear' pronounced 'tare' - or 'teer'?
In an ironic twist of fate, Bloomberg reports that Greece’s biggest bank is relying on Turkey to pull it through an economic crisis at home. Is that in your tear sheet?
Some articles say that the default risk is going down (http://www.socialnews.biz/tag/Greece). So that can only mean that instead of defaulting the EU plans to devalue their currency. Sounds like EURUSD is a great long term short to me. As one guy points out, hard to explain to us investors.