Replies to post #1483 on Ireland Bank, American Dep. Shares (IREBY)

[Huggy Bear]

No surprise to me. Contrarian investors moving on to the next unloved yet solid enough distressed stock.

Let's crunch the arbitrage, it has been awhile.

BKIR.L at .284 x 40 x 1.3 = 14.77

IRE running a slight premium over BKIR.L

The days of the historical 40% over seem to be long gone in the rearview mirror.