Bank of Ireland (ADR) (NYSE:IRE)

CAPS Rating: 4 out of 5

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.

Recs

1
Player Avatar forexnutca (88.08) Submitted: 11/24/2011 2:56:31 AM : Outperform Start Price: $5.61 IRE Score: +91.49

Wilbur Ross and Prem Watsa are on the board! Ireland is actually taking the necessary steps requested by the IMF and Euro Union. They will pull out of this mess much stronger and well capitalized compared to the government nationalized counterparts. If there is a Euro bank on your wish list, Bank of Ireland should be near the top. ADR's are now trading at a discount to the LSE listed shares!

Todays prices:

LSE .08 Euro's (.08x 40 ADRS)* 1.3355 EUR/USD= 4.27US

NYSE 4.00 US

Member Avatar toneill69 (< 20) Submitted: 1/5/2012 4:26:56 PM
Recs: 0

Ireland is not Greece and will pull out of this. There is a strong ethic that bills must be paid and the middle aged to older population are more used to lean times. Unllike other countries, including the US, there is little tolerance for greed, and fat cat compensation and there is a sense that the pain will be shared. The biggest problem ireland has is convincing others outside of ireland that the entire country is serious about getting the house in order.The entitlements have not been eliminated but have been rolled back to an acceptable lrvel - the entitlement seat is coach (or lower) not first class- Obama should take a look, he may learn something in Ireland.- You cant buy many votes with entitlements and freebies in Ireland

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