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  • Article / 11 July 2014 at 12:06 GMT

    Portuguese decliners a falling knife or an opportunity?

    Head of Equity Strategy / Saxo Bank
    Denmark
    Portuguese decliners a falling knife or an opportunity?
    Portuguese equities have taken centre stage in financial markets as the vast financial empire Espirito Santo Group has shocked markets with missed debt payments on one of its commercial papers. As a result, the Banco Espirito Santo share is down 55 percent over the past month and Portugal Telecom is down almost 35 percent. Are these falling knives or opportunities?
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