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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (28096)	9/17/2007 1:59:26 PM
From: Madharry	Respond to of 78748

i hear you. my research was hasty too. however usually when things are obviously cheap they work out. sometimes they blow up in your face though. I plan to buy some aib as well. and i plan to pull a paul and increase my position as the share price increases. I guess the fear maybe that if prices fall dramatically in of homes in ireland the banks will start having dramatic loan losses. however, i dont know that that will be the case.

To: Spekulatius who wrote (28096)	9/17/2007 11:44:37 PM
From: Spekulatius	Read Replies (1) \| Respond to of 78748

CBG - decided to enter a starter position. CBG is a real estate service/property management company with strong growth in the past (organic and acquisitions). Forward PE <10. Property management is nice business (nice FCF since Capex requirements are low) when business is humming, although i do see some weak years from 2001 to 2003 when this was not the case. CPG is by far the largest company in their respective field and should command a premium valuation, IMO. Some analysts predicting 25% growth for a couple of years. This seems rather optimistic but I sure would take it.

To: Spekulatius who wrote (28096)	9/19/2007 11:09:01 AM
From: - with a K	Read Replies (1) \| Respond to of 78748

Looking for a bounce, yesterday I started positions in AIB and IRE. The selling looks emotional and overdone. FT.com snip: Emer Lang, analyst with Davy, the largest independent broker, says AIB, Bank of Ireland and Anglo Irish bank depend less on wholesale funding for their lending book than other European banks. For AIB the figure is around 44 per cent, Bank of Ireland 46 per cent and Anglo 36 per cent. Irish Life & Permanent is the only institution that appears out of step, with two-thirds of its loan book funded by wholesale lending. This compares with 50 per cent at French banks, an average of 66 per cent for German banks and 45 per cent for UK banks, according to DBRS rating agency.