German semiconductor, did a IPO back in year 2000 at 70 USD per share I think. Stock prive now is 18,58, no goodwill an a nice balance sheet. They are loosing money, but it don`t consern me, Germans are highly professionals, if management don`t deliver, they will be changed and things will happend.

Wolseley is a British companiy that is leading provider of construction product, materials and services across Europe and North America. 65.000 employees, market cap 7,5 billion USD and a P/E of only 7! Stock price is held down because of housing slump in the US. But I see no reason to worry, growth in Europe is the key factor. And I think Wolseley will do great in years to come.

Norsk Hydro is a Norwegian company, and as I am Norwegian I have followed this company for 10 years. If You look at the chart, it surely looks like a bubble that is about to break. but some Norwegian analysts mean that the mania in aluminium, and Alcans repricing gives Norsk Hydro a disount, and that Norsk Hydro should go up 80% based an Alcan price. They run and own several companies together with Alcan. Will be exciting to se what happens next in Aluminium.

What a great bank, and with Europe growing faster, there is no other bank out there with a more glory future. P/E at 8,5, Price/Book value 1,5 is guaranteed sucsess in years to come. Housing prices have declined in Gerrmany for many years, but now they are rallying, and that have a lot to catch up compared to other European countries.

Unilever a British food manufactor with 150.000 employees. Future P/E at about 5? and a nice div/yield at around 3. I belive food prices will grow at a 3-5 % rate the next 10 years, because of higher energy prices, higher salaries, less farm land and. At the same time, logistics will be easier, the whole world will be the market place and people in emerging countries will ask for quality food. Unilever is a take-over target as I can see.