Compelling plays in Europe

While the eurozone crisis rumbles on, many quality European firms are going cheap, says professional stock picker Henrietta Seligman. Here, she tips three under-valued stocks to buy now.

Each week, a professional investor tells MoneyWeek where she'd put her money now. This week, Henrietta Seligman, senior EMEA analyst at Somerset Capital Management LLP.

Not all the news from Europe is bad; depressed valuations provide buying opportunities. Poland offers a number of strong companies. Take Warsaw Stock Exchange (PW: GPW). It benefits from an informal monopoly and has developed its status as a regional hub with a share of more than 50% of regional trading volumes and listings from less liquid markets such as Ukraine, Bulgaria, Lithuania and Slovenia.

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