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
CanadianValue
CanadianValue
Articles (4623) 

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:

CanadianValue
http://valueinvestorcanada.blogspot.com/

Rating: 2.3/5 (8 votes)

Comments

superguru
Superguru - 4 years ago
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


pbarker46O'Shaughnessy
jblrseUndervalued Comanies
1946DCF ROC price change one yr
1946DCF ROC
DBrizanmga beater27Jul2016
DBrizanmga beater
DBrizanBlank 26Jul2016
DBrizanBlank 27Jul2016
DBrizanUSA high quality
DBrizanCDN high quality

Select portfolio(s):

  • Loading...

Why you are interested?

Your selection and notes will be stored in your portfolio.

Login to add portfolio
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)
FEEDBACK