$4.81
-0.04 (-0.82%)
Allied Irish Banks, plc. (ADR) (AIB)
CAPS Rating:
The Company provides a diverse range of banking, financial and related services, in Ireland, the United States, the United Kingdom and Poland.
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This bank should be avoided. If it even survives it will be several years before you see any sort of return.
I bought a boatload under $1.20 when the market herd mentality saw what happened to Anglo Irish and thought, without thinking that the same would happen to AIB. AIB will still be around and private in 2 years, and my little (not) investment should 5-bag during that time.
My investment at $1.55 has doubled in a month even given the 20% downturn today. Granted you have to get in and out... but even to hold, I expect this to be a 5 bagger in a few years time, at least.
Yea, I'm only up 97% on this one over the last month, what a dud huh?
Yes it is. Its up $2 in 6 months...wow. Putting your money in bac, wfc etc etc you made 10 times that.
Since when does absolute dollar increase matter in the least? The only thing that matters at all is % gain. $2 gain on a $3-ish dollar stock is DAMN good no matter who you ask.
And in the past 6 months since your thumbs down, AIB has been BETTER than BAC, WFC, etc in terms of % gain. Your math is backwards.
At the time of your post the price is - $4.90
I stand by my advice.
Admittedly things are not as bleak as I and many others were predicting back in January, hindsight is a wonderful thing. However, with respect, to say AIB was a buy over banks like wfc, bac, jpm etc etc shows little understanding on your part.