COMMERZBANK: BUY

MASSIVE POSITIVE SURPRISE; TRADING AT 0.3x P/B

Capital at 12%. No capital worries here as the divi resumes.

Non core going the right way and costs flat. Worried about energy? Energy risk below 1% of book value.

One to buy today and hold. Unless you think we are going back to mad max times.

One of the cheapest stocks in the sector trading at 0.3X book. Lower than in the depths off the crisis.

I would be buying them here on a 3-6 month view.