Bank of Ireland (ADR) (NYSE:IRE)

I love banks at these prices.. over the long-haul once the panic ends over the current crisis, I would expect a larger return than the risk would indicate. Just my humble opinion on a few banks.. Never too big to fail though - but I like this risk!

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

An absolutely horrendous stock destined for terrible things.

luck o the irish....

re-split took place and you see what the market reaction is.
the IRE stock down roundabout 40% -> thump down

Reverse split correct?

Ireland's Trade Surplus
Educated Work Force
High Deposits
Irish Mortgage Rate Increases
Heavy Insider Buying of Bank Of Ireland ADR
Expect $2.5 per share by October 2011
Dealings with Pfizer Bank Dublin and IFSC

Give this one time, or ride its volatility for fun!

This one is a no brainer! All in baby..

A speculation, obviously.

Sells only 10% book value, strong government commitment, sharply down now over fears of Greek, Italian, and Portuguese defaults.

I'm buying this PIGgy now and hope to be makin' bacon soon.

Mark of Zorro

If you're willing to assume the risk, this one should be good in several years time.

they have passed the exam... now i hope european banks will do better than stock market

Looking for a bounce with passing the stress test

Ire has not been able to get the capital requirements necessary and the real risk of nationalization is getting closer and closer. With all the fears of contagion in europe, its almost a guarantee that this is going to disappear as a publicly listed company.

Although the bank is currently on a downward spiral, Irish housing prices are still dipping, and the Irish economy is a huge question mark; I believe that in the end the bank will survive this crisis and the stock price will recover. It will take years for this to happen and a reverse split may also be in this company's future like Allied Irish Banks. The immediate future will continue to hold red until Europe can become stable again.

Banks are a no go for me.

This is an established bank that has been hurt by the housing fiasco. Just as most large banks in the US have come back, this one will too. Especially since the EU is still ready to pump in money if necessary.

Make a small fortune for pennies on the dollar.

I am a BNY Mellon employee and have been holding AIB and IRE for the past 1.5 years. After 2 days huge run up of AIB & IRE, I would like to do a macro-economic analysis for the Irish bank, and I finally discovered some upside here.

1. Wall Street giant Morgan Stanley, actually told its clients to go and buy Irish bonds. And Dutch bank ING said that following the stress tests it was now time for the EU to lower the 5.8pc interest rate on our bailout loans.

2. It is a huge vote of confidence as the Government tries to convince investors abroad and a sceptical public at home that its strategy for banks will help to kick-start growth. Dublin stockbroker Dolmen said Ireland may only need to borrow an extra €1.5bn to pay for the latest bank bailout. And other commentators weighed in with support for the bank plan, with German lender Deutsche Bank saying Ireland's banks could end up with too much money after last week's ( 3/31/2011) announcements.

3. I do think that the most upbeat message came from Morgan Stanley in a report entitled 'Ireland -- Time to Buy'. its chief European economist Elga Bartsch said Ireland could respond to the current challenges more quickly than other struggling European countries:
"Of course Ireland is still facing major challenges. But if there is one economy in the euro area that could meet these challenges, it is probably the Irish economy,"

4. As a BNY Mellon employee and my years of investment experience background, I have to give a thumbs-up to the stress tests. The €10bn of the €24bn of fresh capital being raised for the Irish banks was to provide additional confidence, rather than to soak up losses.

Indeed, with the recent stress test of the Irish bank, Ireland came out with a strong political response, cutting its banking sector to just two banks and abandoning the plan to impose losses on senior bondholders.

Disclosures: LONG AIB & IRE