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

To: Paul Senior who wrote (31833)	8/25/2008 1:23:39 PM
From: rllee	Read Replies (1) \| Respond to of 78750

FYI AIB - AIB also owns 24% of MTB and 70.5% of Polish Bank Zachodni so it is not just an Irish bank play. Question is, where is the bottom on banks in general and will the rich dividend be cut?

To: Paul Senior who wrote (31833)	8/25/2008 6:04:24 PM
From: Tapcon	Read Replies (1) \| Respond to of 78750

AIB divvie looks to have been cut in future to $1.91, yielding about 7.96% based on today's close of 23.97, if yahoo figures are correct. finance.yahoo.com Motley Fool confirms 7.8% for AIB fool.com

To: Paul Senior who wrote (31833)	8/25/2008 10:17:13 PM
From: Asymmetric	Read Replies (1) \| Respond to of 78750

AIB - Proof that great minds think different. Rather ironic that I also got a fill today - except on the sell side! Put in a limit sell order Sunday night at 3 cents above Friday's close, and I got a fill at the open at 24.90...which ended up being the high of the day. Thank you Schwab! My read of the market from the weekend stuff I mulled over, was that this was going to be a rough week for financials...and the market overall, so I took a 5 point loss per share....but I lived to fight another day. Right now, the market doesn't seem to care about traditional fundamental analysis and valuation. The potential for implosion, on the part of a major financial institution seems to be rising. Message 24875033 Not in any hurry to reinvest any of the funds - especially with Sept right around the corner. Good luck on your AIB shares -A.

To: Paul Senior who wrote (31833)	8/26/2008 12:48:54 AM
From: Spekulatius	Read Replies (2) \| Respond to of 78750

AIB -the problem with AIB and IRE is that the Irish boom was partly build on the RE boom which is now faltering. In fact in some respects Irish RE problems are worse than the US since the whole economy has been driven much more by RE than was the US. I think the same is true for GB and Spain. Banks in those countries might (and in some cases are already) seeing problems similar to US banks. Germany never had a RE boom and in many areas (Berlin) prices have been depressed since the early 90's. There is very little risk that German banks have problems because of domestic RE borrowings , which of course does not mean that they manage to avoid losses on foreign loans. Bottom line is i would be very careful with Irish, British and Spanish banks. We might see a few bank wipeouts in those countries.