bunngolf

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

Mr. Daly ... Well done and thoughtful analysis covering all bases. The local knowledge information was very interesting. I have been adding to my position in AIB for many of the reasons stated. No one knows how hard the Irish economy will be hit in the end, but AIB seems to be a good haven to deploy some capital at depressed values and collect a generous dividend while waiting the recovery out.

I do not believe it is fair to compare WB with AIB in any fashion. The two banks have completely different structures and non comparable situations to this point. WB paid a hefty premium for both Golden West (a sub-prime originator) and A. G. Edwards. Neither of these 100% stakes can be sold or spun off for anywhere near what they are into them for. WB needs some great effort to repair their balance sheet. AIB does not need to do this, thus far, and, are well positioned to do, so if needed.

Mr. McCulley