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Non-Tech : Banco Santander Central Hispano, S.A. (STD)

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From: voicedup6/16/2009 11:00:15 AM
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New York Community (NYB) trades at one of the lowest P/E’s in the industry and yields 10%. Its short term and long term outlook is positive. NYB will benefit from increased lending, lower funding costs since rates are almost at 0. Its loan losses are almost zero, this is primarily from focusing on multifamily mortgages in rent regulated buildings. In New York these dwellings are highly demanded and almost always fully occupied. I'm looking to sell Jan10 @ 7.50 for a premium of 50 cents on 10 contracts. The requirement would be around $3,000 and would return $500.00 for a yearly gain of 16% or if entered into today, 33% as there are only 6 months left. Any opinions on this?
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