Wednesday, June 24, 2009

Allied Irish Banks (AIB)

AIB is about as cheap as they come with a PE of 2.23 with earnings per share at $2.31. Even if the share price moved up to $10.00, the PE would still be less than 5.0. AIB share price would have to move above $50.00 per share to have a PE equal to the industry average. Sheesh, this is a great stock buy.

Disclosure: I own this stock, as if there was any question about that.

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