EFTA01142650.pdf

From: Jeffrey Epstein <[email protected]> To: "Barrett, Paul S" Subject: Re: European Equities Date: Wed, 31 Jul 2013 14:05:29 +0000 Inline-Images: image001.png ok On Wed, Jul 31, 2013 at 10:03 AM, Barrett, Paul S 4 wrote: Jeffrey We have $2MM exposure to the Eurostroxx 50 Index via a structured note. We have recently gone overweight Europe based on improving economic data, a 17% PIE discount to the US and large European underweight positions within client portfolios. I think we should build a portfolio of single name stocks that we think will benefit from an improving domestic story. We would recommend spending $2MM across these 12 names. Brokerage - diversified basket of early-cycle quality names Mkt Cap % of Dividend JPMS Ticker Name Sector (bn 2014 Pit Revenue in F,S,V Yield Rating LC) Europe Outdoor DEC FP JC DECAUX France 5.2 1.9% 20.9 x OW 65% F,V Advertising Employment ADEN VX ADECCO Switzerland 11.2 3.1% 13.4 x OW 52% F,V Staffing VOW3 GR VOLKSWAGEN Germany Autos 79.9 2.0% 7.2 x OW 65% F,V LLOY LN LLOYDS Britain Banking 482 0.0% 11.6x 100% F,V CA FP CARREFOUR France Food Retail 16.8 2.5% 14.5 x OW 73% F, V CCH LN COCA-COLA HBC Switzerland Beverages 6.1 1.7% 18.6x OW 74% F,V Travel Retail, AGL IM AUTOGRILL Italy 2.9 0.0% 23.9x 63% F,V Focdservice AC FP ACCOR France Hotels 6.5 2.7% 17.6x OW 76% F,V RNO FP RENAULT France Autos 17.7 2.9% 63 x 65% F,V COMPAGNIE DE SAINT- SGO FP France Construction Materials 18.7 3.7% 12.7x OW 69% F,V GOBAIN BNP FP BNP PARIBAS France Banking 59.6 3.1% 9x 63% F,V FRAPORT AG FRA GR Germany TraveVLeisure 4.5 2.6% 17.1 x OW 84% F,V FRANKFURT AIRPORT EFTA01142650  Paul Barrett I Managing Director I Global Investment Opportunities Group 17•P. Morgan Private Bank 320 Park Avenue, 14th Floor, New York, NY 10022 I T: This email is confidential and subject to important disclaimers and conditions including on offers for the purchase or sale of securities, accuracy and completeness of information, viruses, confidentiality, legal privilege, and legal entity disclaimers, available at http://www.jpmorgan.com/pages/disclosures/email. The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA01142651