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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: robert b furman who wrote (70807)7/30/2022 12:28:26 PM
From: bruwin  Read Replies (1) | Respond to of 78958
 
I don't think you're wrong on that.

Italy is heading for the "Crapper", primarily because it's "way over its head" in DEBT and it will only get worse when winter arrives and it doesn't have enough energy due to its involvement with the Sanctions that the collective EU have imposed on the import of Russia's oil and gas, and what energy there is available in Europe WILL COST ITALY A FORTUNE.

Mario Draghi, Italy's most recent un-elected Prime Minister and previous President of the European Central Bank (ECB), finally managed to resign the SECOND time around because he was very likely Astute enough, as an Ex-Banker, to foresee the Debacle heading Italy's way and he didn't want to be in the "Scapegoat" position when it arrived .....

For the sake of the Italian man and woman in the street I hope I'm proved wrong.



To: robert b furman who wrote (70807)7/31/2022 6:32:35 AM
From: Ditchdigger  Read Replies (1) | Respond to of 78958
 
Thanks Bob. I saw the government ownership. Certainly a lot of negatives on the stock.
It caught my eye as I saw it was a larger holding of Vermont's state pension fund. The fund has been under a lot of pressure to divest in the fossil fuel sector, so thought it was interesting they were holding it.
Perhaps they didn't want to realize a sizable loss in the reporting period...1st Q.