Short Allied Irish Banks? (AIB)
This article argues for a much lower Allied Irish Banks (AIB) share price because of the dilution that will be come from recapitalization of the bank.
Credit default swaps on AIB were already settled last month, with massive impairment for the subordinated debt. It is really hard to imagine why anyone thinks the common shares have value.
1 comment:
Ha. I'm not sure how it wouldn't be a zero.
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