Fliujniligui

Ten Top Value Traps with Unreasonably High Dividends

I buy some AIB every time it sinks. I think M&T bank is a good company and it has a reasonable yield and resilience in this mess. AIB owns 24% of M&T Bank and By putting 1$ in AIB stock, I get the equivalent of 0,8 to 1$ exposure to M&T bank + The rest. That rest is subject to some call to question, but it includes a stake in BZWBK in Poland which is worth 1$ per AIB share. There is value trap there maybe, but some value is still lying there and AIB is a well run business, in any case the best run thing in Ireland Financial world.

There is no reason to buy IRE except to expose one to higher risk of nationalization, capital raising being more dilutive and underperformance being more intense. IRE is the value trap there.