$10.34
0.16 (+1.57%)
Bank of Ireland (ADR) (IRE)
CAPS Rating:
A financial services group that provides a range of banking and other financial services. The company has a network of retail branches in Ireland and the United Kingdom.
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The Bank of Ireland has something great going for it, it's a bank in Ireland! I spoke with some investors and they claimed to have seen a rainbow near the bank's headquarters. One can only guess that they have a Leprechaun guarding the bank.
That in itself gives a thumbs up.
this is your reason for a thumbs up??
In this type of market rationality has been thrown out the window and panic reigns. I feel that IRE was a gamble when InfiniteCykosis thumbed up it and it's still a gamble. The only difference is that the price is four times better than it was weeks ago. It's as crazy (or brilliant depending on the outcome) as dropping tons of money on F, GM, and AIG. If the government is going to create money out of thin air, how is that any different from Leprechauns?
I was joking when I actually talked about Leprechauns. Though, having faith in the government bailing out companies out like Ford, GM, AIG was a good example. Just because we are supposed to have faith, doesn't mean we should. I think this stock can rebound. The finance industry has suffered alot in 2008 and now into 2009. I would hang my risk on this or Ford over any of the other risky picks. I think this can honestly rebound in a few months to a year.
BTW Gyro, I am down some 40-50% since this pick. I bought in on the day I made this pick......now I can go in now with the price being as good as it is with hopes of it raising. With dollar cost averaging, if it rebounds to a positive percentage I can come out even if not much better in the long run. Like you said though, it is risky.
wonder what the fully dilluted book value would look like versus the current share price, a lot of information out seems to indicate a book value of around $40
Do > the math / pay > low > .85 cent / 30 40 > over $5.00/ high was > over $50.00 /will be > over $ 25.00 by: June or Aug 2009. as the Bank stock go> market will recover> gold much go to $600.
I like the way you think! Sure looks like the Leprechauns are doing something right. Better than those in charge of our banking system, I must say.
Both major banks in Ireland are up over 200% in my portfolio. Not shabby. :D