one taste

Allied Irish Banks: With 9% Dividend, This Bank Could Thrive

Thanks David for a very nice write up.

I'm considering AIB here and you gave me a great head start on my research. I have to admit alot of the positives of AIB remind me of Wachovia when I bought it "really cheap!" at $42, with great management, conservative loan practices, solid dividend easily covered by earnings, etc., etc. I sold when it bounced back up to $33 -- even though the questions then were "how much lower could it go?" Today at $16.

The overheated home market, exposure to construction loans and the leveraged nature of banks make me very cautious approaching AIB, even at the "cheap" $24.