Intesa SanPaolo

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This thread is to discuss a Europe Bank Recovery Play.

Intesa SanPaolo is a bank from Italy.

This is a link to the bank. http://www.group.intesasanpaolo.com/scriptIsir0/si09/

Over the last one year, the stock has appreciated 119%.

However I believe there is still potential for a 300% growth.

The bank posted a hefty loss for 2013, sort of like a kitchen sink year.

A new CEO has come on board.

The bank has unveiled a business plan for 2014-2017.

This could be a recovery play in terms of dividends as well as a recovery play on Italy.

The upside if we were to look at the five year chart is a recovery to around 6 Euro level

In a way this will be like the play from 2004-2007.

I guess this will take around 2-3 years to play out, so, i expect it to hit around 6 Euros per share by 2017.

Full Disclosure : I am long Intesa SanPaolo

This link below has more charts and the press release which I have based my calculations on

http://sgx-stocks-sti.blogspot.sg/2014/0...paolo.html
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