Shouldn't we all be buying IRE?

Quote from keithclark:

I'm not an expert at this stuff but $1.68 seems like a steal to me. What are your opinions?
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EPS -$1.49 for 9 months seems pretty clear to me.
 
Quote from timvic:

The stock went up over 20% in after hours trading.
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An so far down 40% in early trading - I'm glad I didn't put too much money in IRE - can't be good for blood tension :confused:
 
It went as low as 1.03 this morning before going back up - would probably have bought some more shares if i could enter that early in EH. Anyone could elaborate on the "dilution", and explain how the stock would be valued once the capital is increased and the state takes a majority stake ?
 
Yea keep buying and keep buying AIB, who cares what their numbers look like, everything and everyone is getting a bailout, risk free returns. These dollar stocks will be up thousands of percent in the next 18 months.

:p :p :p :p :p
 
Quote from luisHK:

It went as low as 1.03 this morning before going back up - would probably have bought some more shares if i could enter that early in EH. Anyone could elaborate on the "dilution", and explain how the stock would be valued once the capital is increased and the state takes a majority stake ?
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Why are you buying this when its bleeding red ink and you have no idea what its worth ? It may be worthless but for the charity of governments. Shareholders are last in line getting their money back if this thing gets restructured in a major way or does a Chapter 11 like move.

The real process should be something like "I reviewed the companies financials and I see at least $1 worth of tangible assets over and above their debt". If so, then buying for a $1 is worth a gamble. Hopefully, not some process like "Boy, this thing used to be worth a lot I think its cheap".

For similar plays look at ABK's recent history. Some people paid over $2 a share recently for that dog. Its now 0.16 on the OTC today.
 
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