Shouldn't we all be buying IRE?

Discussion in 'Stocks' started by keithclark, Nov 23, 2010.

  1. I'm not an expert at this stuff but $1.68 seems like a steal to me. What are your opinions?
  2. EPS -$1.49 for 9 months seems pretty clear to me.
  3. >2 now, congrats on your huge win
  4. timvic

    timvic Guest

    The stock went up over 20% in after hours trading.
  5. luisHK


    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:
  6. 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 ?
  7. S2007S


    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
  8. 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.