Top 2%
AIB currently has an eps near $7.50 with a current P/E of 5.88 and a forward PE of 11.82. Further it is nearly 30% off its 52 week high. This bank has little exposure to the current mortgage and housing issues and is being held back due to the sector, not its own fundamentals. AIB is a buy.
Top 3%
ramigabai
May 05 at 4:38 ET
It looks quite interesting. Even though I don't know about the company - its PEG ratio is 0.39 which supports your analysis.
On the other hand the company revenue declined in 5% last quarter, its operating cash flow is negative and the debt is over 100B while cash stands in around 30B - so it looks a bit risky.
Regardless of that I think it might be a good buy.
Top 3%
ramigabai
Jun 23 at 6:16 ET
It is sliced by 30% more at the last 45 days. Do you have any data supporting this?
Top 1%
guliamo
Jun 27 at 4:14 ET
I'm hearing good things about the Irish economy.. when do they have time to grow their GDP with all that drinking on? hehe..
I suppose they got beaten up with the rest of the financial sector and agree this could create an interesting buying opportunity... staying away from the US economy doesn't sound like a bad idea either..
Cheers mate.
Top 1%
verushka1
Jun 27 at 7:05 ET
Run away fast as fast as you can from AIB. Haven't you been reading about what is going on in the banking industry? AIB is down 42% ytd. it pays a huge dividend. You have to be wary of any company that pays that type of dividend.
There is a global meltdown in banks. No one knows the bottom. Yesterday GS said to sell Citibank short. you could ditto this for all banks.
Why would you willingly step into such a financial mess? Makes no sense.
if you want to invest in banks, why don't you look to Asia where they do not have any of the toxic paper that the European and US banks have.
I personally would not touch anything in the financial sector until the picture of their finances becomes more transparent.THat might be more than two years in the offing.
ANyyway, that is my opinion. If you need a tax loss, investing in a bank might be a good idea.
Top 2%
blacktuna
Jun 28 at 10:10 ET
Verushka is right. why would you go to Canada in December?