Daily commentary: Inditex is a Spanish retail stock worth watching

Daily commentary

Despite the terrible headlines coming out of Spain, for investors there are two silver linings in Spanish equities. First, European shares have been battered by the euro zone crisis and trade at a considerable discount to US shares. Europe presents better value. For this reason, I said in January that I expected European shares to outperform US shares in 2012. Moreover, this discount does not represent a value trap. Inditex, the Spanish retailer I linked to a few days ago, wh...


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