GreenReaper (greenreaper) wrote,

UK - nice time to buy Northern Rock?

For those back home in the UK, you may be aware of the whole Northern Rock thing. Their stock dropped 30% today - and it had already been dropping over the last six months.

Ironically, now looks like it would be a good time to consider buying. There is no reason to think that they will be going bust in the same way American Mortgage did. Their P/E ratio is below 5. They are backed by the Bank of England. What more could you ask for?
  • Post a new comment


    default userpic

    Your reply will be screened

    Your IP address will be recorded 

    When you submit the form an invisible reCAPTCHA check will be performed.
    You must follow the Privacy Policy and Google Terms of use.