$1.52
-0.30 (-16.48%)
Allied Irish Banks, plc. (ADR) (NASDAQOTH:AIBYY.PK)
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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Irish bad-asset program - NAMA - will relieve AIB of toxic waste at less than 30% hit. AIB is going back to capital markets and they are getting a warm reception. It won't be too long before dividend is reinstated. Unlike their US counterparts, they won't make the same mistake twice. Short of Financial Meltdown Part II they are short and long term winner.