Bank of Ireland (Gov & Co) (IRE)

This is one of the better Irish banks. Not involved with mortgages as the other banks. Not fully owned by the government so there is opportunity for the stock. Good thing is that about 50% of their business is in the UK. Losing massive amounts of deposits. You’ll make a bunch of money in a few years. It’ll be a long process.

As a minority shareholder, you will make no money at all. You will be diluted out of sight. There is no value left in these franchises.

Probably the best of the Irish banks. Minority owned by the Government but they may end up taking a majority issue in it. Losing a lot of assets. You have to wait for it to settle down a little.

Very risky but he has it in his personal portfolio.