THE DIP IN SANTANDER IS A BUYING OPPORTUNITY $SAN
This post was just published on ZYX Buy Change Alert. This is the largest bank in Spain. The bank is experiencing rapid growth outside Spain, especially in Latin America. It is one of the cheapest banks in the world. The position is long with an average price of $6.90. Currently, 40% of the full core position size is being held. Profits have been taken as high as $9.74. This is a very long-term position. It has been well known that at some point the bank would cut its dividend and do a secondary. Above 7% dividend the bank was paying was