Bank of Ireland (ADR) (NYSE:IRE)

CAPS Rating: 3 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.

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Member Avatar Elbow5 (< 20) Submitted: 12/16/2014 4:46:26 AM : Outperform Start Price: $15.58 IRE Score: -2.71

Bank of Ireland (IRE) turned its first profit since the crisis in the last interim (roughly 399 Euros depending on the source). Impairments fell 1.8 billion since then, with another 10 billion to go. Therein lies the profit. If they duplicate in the 2nd half what they did in the first, I can see a potential dividend in March/April of .01 euro (.0125 U.S.) per ordinary share. With 32.34 billion ordinary shares outstanding, and 798 Euros in earnings at year's end, would accrue an earnings per share of 0.0246 euros or 0.03075 U.S. That amounts to earnings of $1.23 per ADR, and I've read ADR's tend to run about 20 times earnings per share, that would result in a market price of about $24.60 per ADR, times the ten percent the US price tends to run above the price in Europe, and you're looking at a price of about $27 per ADR by March or June, 2015. I look for their earnings to steadily increase as impairments drop, resulting in at least doubling the market price of their ADR, each of the next 5+ years.

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Member Avatar steveraider (39.87) Submitted: 12/6/2014 7:42:41 PM : Outperform Start Price: $17.28 IRE Score: -8.20

The Irish are the only adults in the room.

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Member Avatar qualityplustime (< 20) Submitted: 9/30/2014 2:20:30 AM : Outperform Start Price: $15.94 IRE Score: -5.47

Just look at a 10 year chart. Ireland as a whole is poised for a years-long breakout. Ireland is also attracting much international business/repatriation. Look at Actavis Pharma. Very favorable corporate tax treatments should attract more businesses to borrow loans from Bank of Ireland.

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Member Avatar jeepdrew2 (66.32) Submitted: 9/18/2014 10:49:04 PM : Outperform Start Price: $8.85 IRE Score: +47.60

Ireland is raging back. See the headlines for today: "Ireland economy grows 7.7 percent, leads eurozone" and "Ireland hikes forecasts again as economy charges ahead". http://uk.reuters.com/article/2014/09/18/uk-ireland-economy-gdp-idUKKBN0HD1D320140918?feedType=RSS&feedName=businessNews

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Member Avatar Augustus144 (24.16) Submitted: 8/12/2014 12:58:41 PM : Outperform Start Price: $17.11 IRE Score: -17.62

Recovery potential

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Member Avatar VaticanBank (< 20) Submitted: 5/8/2014 5:34:25 PM : Outperform Start Price: $16.87 IRE Score: -16.49

Target $33 by Jan 2015. Q2-4 will be very promising from IRE. Irish government data looks very upbeat coming out of Q2. Accumulate shares of this company.

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Member Avatar KaiPetainen (75.34) Submitted: 3/13/2014 12:21:32 PM : Underperform Start Price: $19.20 IRE Score: +28.78

Director at company is also at a major fund of the company and that fund sold shares. When an insider sits at a company and at a fund that sells it... that's time to sell.

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Member Avatar khamtheman (21.39) Submitted: 11/20/2013 2:52:50 AM : Outperform Start Price: $14.46 IRE Score: -5.99

Target price $25-35 by 12/14

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Member Avatar TulipSpeculator1 (86.21) Submitted: 10/18/2013 11:03:44 PM : Outperform Start Price: $13.94 IRE Score: -5.18

Ireland's new pillar banking system leaves two major banks: Bank of Ireland and Allied Irish Banks. With Allied Irish virtually nationalized, B of I has an excellent position for the Irish financial recovery.

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Member Avatar Teacherman1 (28.84) Submitted: 6/21/2013 10:48:52 AM : Outperform Start Price: $8.16 IRE Score: +63.50

Back in now that the ADRs are not selling at a premium to the underlying stock.

Have about one fourth of what I want for a longer term hold, so will watch for opportunities to add.

There are still real estate loan problems in Ireland, but I believe IRE has turned the corner and it will improve in time.

JMO and worth exactly what I am charging for it.

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Member Avatar Rawpower44 (< 20) Submitted: 2/7/2013 11:02:45 PM : Outperform Start Price: $8.35 IRE Score: +52.41

I believe that the Bank of Ireland was one of the earliest european banks that has done the right thing since the market crashed. IRE made the tough decisions including selling off it once prime real estate assets at severly reduced rates. These actions have helped stabilize the bank and alleviate the necessity for the government to take a controlling share. Ireland is a resilient country and it is a gateway to europe which has made it appealing to companies and will once again thrive as the economy stabilizes. If the irish government continues to offer tax incentives it will draw entrepreneurs and industry back to its shores

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Member Avatar AndyAA22 (27.36) Submitted: 2/2/2013 2:32:47 PM : Outperform Start Price: $8.05 IRE Score: +55.28

Ireland is coming back! Get in early

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Member Avatar scrubs62074 (71.60) Submitted: 1/10/2013 2:31:03 PM : Outperform Start Price: $8.30 IRE Score: +49.26

High volume breakout

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Member Avatar treasureoaks (36.08) Submitted: 7/6/2012 1:24:03 AM : Outperform Start Price: $5.90 IRE Score: +115.09

hmmm... Ireland has big plans after Summit

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Member Avatar greedwhenfearful (89.71) Submitted: 6/8/2012 6:15:46 PM : Outperform Start Price: $5.63 IRE Score: +126.36

Price to book 0.31

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Member Avatar ntg187 (82.49) Submitted: 5/21/2012 11:31:52 AM : Outperform Start Price: $4.97 IRE Score: +159.92

Watsa & Ross team up on this with a bullish outlook on the irish economy. IRE will not be nationalized, is currently reporting a profit (thanks to 2011 Q4) after shedding its bad debt and writing some off the books. One of the best banks in all of Europe. I personally put in 35K on this stock @ 4.88 and will continue buying over the next few months. Any share price under $10 will make for a multibagger a few years down the road... oh, and when the dividends come back... share holders who got in under $10/share will be laughing all the way to the bank.

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Member Avatar havvey (< 20) Submitted: 5/11/2012 11:39:27 AM : Underperform Start Price: $5.43 IRE Score: -139.29

May or may not recover this stock is not investment grade.

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Member Avatar XMFMadMardigan (38.86) Submitted: 4/20/2012 6:35:29 PM : Outperform Start Price: $5.89 IRE Score: +116.66

Watsa-backed big time.

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Member Avatar syazic (56.51) Submitted: 4/4/2012 1:52:57 PM : Outperform Start Price: $6.03 IRE Score: +113.70

BKIR underlying equity trading around 0.13 euro cents.
Majority privately owned. W. Ross hasa large stake in it as bottom fiher. Got a long position along with some for trading purposes.

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Member Avatar Radzrunz (< 20) Submitted: 2/27/2012 10:15:58 PM : Outperform Start Price: $7.63 IRE Score: +56.29

This stock is at a good price and Ireland is doing all the right things with austerity.

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