1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Articles (4624) 

David Herro of Oakmark Finding Value in European Banks

July 10, 2012 | About:

Finally! Someone dumpster diving and buying European Banks.

You know there are home runs to be had. But you know there is massive capital destruction to be had as well.

- Herro doesn’t believe the European banking sector is going to be destroyed for generations.

- This is what value investing is all about.

- Holds Credit Suisse (NYSE:CS), Lloyd’s (LYD) and Banco Santander (STD).

- Credit Suisse is selling at lows not seen since the financial crisis, despite having a very strong balance sheet.

- Banco Santander is guilty for being based in Spain; reality is that it has more diversified operations.

About the author:


Rating: 2.3/5 (8 votes)


Superguru - 4 years ago    Report SPAM
he has been saying that for over a year now when prices were double from now. May be it is now time to listen to him.

one thing i found is gurus are always early. I wait to buy at least 20% below their buy price. that gives margin of safety.

Please leave your comment:

GuruFocus Mobile App

User Generated Screeners

gjg3000Real Estate F and EV
Doug TaylorNCAV
deloriesGreat Backtesting Portfolio 1
npapapanosno ROC
kkopacz.bizAAII Microcaps Karol Version
kkopacz.bizAAII Model Shadow Stock Portfo
mtaylor40Low Shiller/Low PB/Rev Growth
mtaylor40Low Shiller/Low PB
danielktingGrowth and ROE 10Y
danielktingMid Caps 2
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)