Keep bottom fishing NBG it is wise. For AIB, there will be about 10 billions new European shares to get the 5 billions Euros gap filled. If this is a rights issue, then you will have to throw in like 10$ per 1$ of stock you own to just maintain your stake. Market cap could be 5-10 times what it is currently then. The government will likely buy a lot of this McFlurry of new shares. IRE is already recapitalized and much more advanced in the cleanup process and it offers to buy 2.5 Euros of shareholder's equity for 1$ right now. This is a long term investment. AIB will be an investment again once all of these conditions are fullfilled:It is fully capitalizedIts market cap is equal or lesser than that of IRE because if not, you prefer IRE.Nama toxic loan mess is done and there is clarity on upcoming losses in the rest of portfolioFire-sale of assets to raise capital are fully done.As of none, AIB is far from fitting the investment thesis. It is a good short sale target quite a bit suicidal in my opinion because when sheep charges against you for good or bad reasons, you may get violently decapitated. It is also a gambling stock, buying it after a down streak hoping that people will do like you but just after you. I re-read this and it really fits speculation. And I think the risk reward deal is a loser one here.
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