Santander

The pullback has exposed a few opportunities. One is Banco Santander which has some risk as it is in Europe, but most of its income comes from Latin America and UK in both areas it is doing well. It pays a good income of over 6% at the current cost of about $8. It is widely diversified globally and seems to be doing a good job of managing its interests. I think it could increase in value by 50% in 12 months and pay interest, not a bad combination and hard to find these days. It is being punished as part of Europe but this bank is not what it appears.