While looking for value within Europe, one utility stock has caught my eye: GDF Suez SA (OTCMKTS:GDFZY) (EPA:GSZ). As a European utility, GDF is, in my opinion, a risk. The European authorities are becoming increasingly hard to work with as they continually introduce new regulations and a slow economic recovery on the continent.
Bearing these risks in mind, GDF Suez SA (OTCMKTS:GDFZY) (EPA:GSZ) would only become appealing if it conformed to all Benjamin Graham's value investing criteria....
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