Discussion in 'Stocks' started by keithclark, Nov 23, 2010.
I'm not an expert at this stuff but $1.68 seems like a steal to me. What are your opinions?
EPS -$1.49 for 9 months seems pretty clear to me.
>2 now, congrats on your huge win
The stock went up over 20% in after hours trading.
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
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.
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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