ABI is paying a high price but accretion to earnings from low debt costs would be something in the region of 15 percent. However, we think the return on this deal could be a relatively disappointing 8 percent after 10 years. Neil Dwane More Quotes by Neil Dwane More Quotes From Neil Dwane There is huge denial on the bad debts sitting in many 'zombie' euro zone banks. Neil Dwane business With U.S. valuations in general 25 percent higher than those in Japan or Europe, it was only a matter of time until Europe came into focus. Neil Dwane company-news The sector has a lot of 'self-help' earnings potential across most of its industries. Neil Dwane company-news Unlike 2010, the eurozone banking system is much better insulated from possible contagion following the latest negative developments in Greece, nevertheless, we would expect a markdown of EZ (eurozone) banks in particular as they have been recent strong performers and clear beneficiaries of the rather simplistic 'Europe is recovering' reflation trade. Neil Dwane company-news
