Allied Irish Banks, plc. (ADR) (AIB)

screw the leprechauns another seven more days.

I believe the basic reason the stock price continues to be depressed is fear of nationalisation. Nine months ago that was probably a more valid concerne than it is today. Now that the panic has abated, the last thing the Irish govenment want is to owne another bank. Therefore, I believe that AIB will be left to pull itself out of it's slump ( with the aid of the money already extended to Allied Irish Bank by the Irish government ). Barring a terrible double dip in the world economy, the soundness of the balance sheet, the liquidity of the bank and the competent management should make that happen over a couple of short years.
But I would not invest short term money in AIB right now.

Purchased few at $11 Nama cleared now give it 3 years will be at least at $20 levels.

wing and a prayer

Its a bank and these phoney institutions will do anything to keep their phoney balloney jobs. Just check all the banks they have gained the most since bottoming out, AIB is no different.

Following vanamonde. If they don't go bankrupt, they seem very cheap. And crazy dividend - if they keep paying.

The Irish gov is about to pass their bailout plan. With this and possibly a little capital. This bank along with AIB are undervalued at about the same rate BAC (Bank of America) was back in march. Only wish I had bought these two along with my American banks then!

AIB has one of the most illiquid balance sheet of the world and a too high valuation compared to its sales potential. It is also loss making at least until 2011. It may go bankrupt.
Moreover it is priced as a penny stock worth 1.7 EUR. And its stock price lost about 40% in the last two weeks.

I think this bank will be saved as they are needed for Ireland's economy to rerbound.

Waiting for the government rescue, which is delayed (that is why the price drop) but price at 20% of book value, looks too little.

will follow the us banks

Jim Cramer is an idiot

I expect this to reach $8, even $10 again by Christmas

Irish Gov. can't let this one slide into oblivion.

Here I am on the AIB elevator. The light "B" above the door has just lit up. I'm already in the elevator, and I got no business in the basement. Top-o-the-mornin'.

This stock will show me the $$$ I own some LOL

Heading south for a spell. Look at website ise.ie for a better idea of the intrinsic value.

I believe this bank has seen the worst and will begin to improve from here out. Again out of the US economy so I can play the value the Euro over the Dollar over the next 5 years. That alone may outpace the S & P average. I bought 2,000 shares today.

I thought I added this pitch back in April when I picked it. At that time (early April) I decided that the time was right to start getting back into a few of the banking stocks.