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ADR
Here is Tim Travis’ research report on Telefonica (ADR) on July 26th 2012.   http://seekingalpha.com/article/754421-update-on-telefonica-a-tale-of-two-worlds  
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Here is Tim Travis’ research report on Telefonica S.A. (ADR) on June 1st 2012.   http://seekingalpha.com/article/632291-telefonica-a-tale-of-two-worlds
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Fortune Magazine did a great job profiling Banco Santander (STD) Chairman Emilio Botin who has built a family run Spanish regional bank into the largest European bank by market capitalization.  I really appreciate his philosophy of buying banks with an international presence during a period of turmoil, and then helping them recover through incorporating his...
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