Bank of Ireland expects to post high-single-digit earnings growth for its fiscal year ending March 2008, but the stock - more than 35% off its 52-week high - is trading at less than seven times estimated 2008 earnings. "It's just dirt cheap," says Horn. "The price is now assuming that everything that can go wrong will go wrong." The shares also offer a hefty 7% dividend yield, meaning that you can still get paid handsomely while waiting for the stock to rebound.
Bank of Ireland expects to post high-single-digit earnings growth for its fiscal year ending March 2008, but the stock - more than 35% off its 52-week high - is trading at less than seven times estimated 2008 earnings. "It's just dirt cheap," says Horn. "The price is now assuming that everything that can go wrong will go wrong." The shares also offer a hefty 7% dividend yield, meaning that you can still get paid handsomely while waiting for the stock to rebound.
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1 comment:
DM: I have not evaluated IRE before, but I now have it on my list to look at. Thanks for stopping by my site!
Best Wishes,
Dividends4Life
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