Is Banco Santander, $STD, Worth a Look ?

“Run for the hills- the European economy is collapsing. Well, maybe, but it looks pretty bad. So what is an investor to do?

It’s natural to assume European stocks, European financial stocks, and especially Spanish banking stocks are obvious things to avoid. But you might be mistaken. For one, Banco Santander (STD), Spain’s largest bank at the heart of the European financial apocalypse, is looking significantly undervalued.

Banco Santander has taken a serious hit from the economic turmoil in Spain. Shares are down over 43% this year, and 21.4% this quarter. The stock is trading like it’s near bankruptcy, but some analysts are arguing that investors are simply unable to see past the current perception.”

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