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The Company provides a diverse range of banking, financial and related services, in Ireland, the United States, the United Kingdom and Poland.
AIB's share price is well below it's book value. Believe that the Irish Government and people will not let a national bank like AIB go under. U.S. Government ownership doesn't seem to have hurt General Motors, so I don't think it will hurt AIB. I expect AIB's share price to improve as the Irish economy improves. Ireland still has a long way to go before their economy improves significantly. Austerity measures designed to decrease deficits have depressed the Irish economy. This has increased Irish bank losses, which has led to bigger government bailouts, which has increased the deficit, which has resulted in calls for more austerity measures and budget cuts, which further depresses the economy. Fortunately, recessions don't last forever. Ireland has a well educated workforce and a government that understands the value of a nimble free market economy and low corporate tax rates. When this recession ends, Ireland's economy and banks, including AIB will also improve.
AIB is a great bank and will recover in no time. it is a big time BUY now.
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