Time to buy in Europe? Just got Intesa San Paolo (BIT:ISP), best dividend yielding dog of the Eurostoxx January 17, 2008
Posted by deminvest in Defensive Stock, Dogs of the Eurostoxx 50, European Stocks, investment, investment strategies, ISP Intesa San Paolo, Italian stocks, Single stocks, stock I own, stocks that pay high dividends.trackback
I think it is time to buy in Europe: which
- it is far enough from US Subprime troubles,
- has a more reliable currency
- does not have the unbalance of US Economy (importing and consuming too much) or of Asia (consuming too little, exporting too much and at risk if US customers cut spending.
Hopefully I found a way to get a bargain and still play safe on my monthly stock investment.
Intesa San Paolo is Italy’s largest bank,
- did not have anything to do with US sub-prime chaos,
- has good numbers,
- is first among the “Dogs of the Eurostoxx 50”
- offers 7% Dividend yield that should be sustainable in the long run.
- has a honest P/E around 11.5
- Analysts seem to estimate growing earnings and sales for 2008
A clear buy for me. We’ll see what happens.
I got 200 Intesa San Paolo (BIT:ISP) shares at EUR 4.865 spending a total amount of EUR 973.
We, the people love dividends, and, who knows, recession fears may melt down and Intesa may hit my 40% target even before paying its first dividend 🙂
Democratic Investments by the people for the people 
Hi,
Sorry I had to use this way to communicate with you, as there was no other address. I just wanted to say I copied the world market cap data for my blog and hope you don’t mind. Else I apologize.
Ng Tian Khean, you are very welcome to use any data from this blog.
I’m glad you found the world market cap data interesting for your very good blog.
interested in investing in alternative European energy stocks with good dividends
Per favore soi brasiliana e cerco lavoro in johnson & johnson in Itália, in todas cittá. per favore aspetto risposta.
cerco site di johnson & johnson in Itália, empresa di higiene pessoale.
My Vanguard account includes this non sub prime sleeper. Italy gave us Gladiators, perfected Pasta and fine Wine accompanied by smoothe Leather and Lamborghini’s. Calamari anyone. Bluewater Withdrawal Survivor
Jay, definitely a sleeper… but yielding well. With current times on bank stocks that is better than most other banks. Isn’t it?
still holding on to Intesa? hehehe
Yea, I’m dramatically holding on Intesa, like a mussel attached to a rock 🙂