This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Investors 'Freaking Out' Means Europe Is a 'Buy'

Stocks in this article: EVGBX PRIS

Grupo Prisa, meanwhile, is navigating through an operational and financial restructuring, but Marcus said investors are focusing too much on the company's newspaper business.

"When people see the newspaper business, they're nervous. Of course it's a dying business," he said. "But they're also the largest pay TV company in Spain. People are not getting rid of their cable. It's one of the last things they'll get rid of, even in a recessionary environment."

Marcus sees the biggest opportunity with Grupo Prisa in its education business, which gives investors enormous exposure to booming Latin American countries like Brazil and Chile. "It's a cheap undervalued company in Europe and I'm getting huge exposure to this emerging environment," he said. "So rather than me going into emerging markets paying huge prices, I can buy distressed Europe and get that for a lot less."

Of course, Europe is not without its risks. In the past week, investors have seen the market surge and swoon on a number of different headlines out of the region. They included contradictory reports that Greek Prime Minister George Papandreou would step down (he eventually did) and that Italian Prime Minister Silvio Berlusconi would step aside (which he later denied). Marcus tells investors that Europe is not a case where they should be betting the house on a quick recovery.

"I don't know if we're at the bottom here, but surely we're closer the bottom than we've been. It's been so bad in the European markets," he said. "We like to call it a nibbler's market. You take a small bite today. If tomorrow things get worse, you have more resources to nibble tomorrow. I don't know when it actually will end, but I know we're getting valuations we have not seen in so long. You have to take advantage of it."

-- Written by Robert Holmes in Boston.

>To contact the writer of this article, click here: Robert Holmes.

Readers Also Like:

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.
2 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs