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Canadian Value
Canadian Value
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Vulture Investing Guru Wilbur Ross Calls Bank of Ireland His Best Recent Investment

May 20, 2013 | About:

In the video below Ross discusses the very successful investment he made in the Bank of Ireland (IRE) at a point of maximum distress. He refers to it as his best recent investment.

He isn't planning to invest everywhere in Europe as Ireland had a lot of attributes he found appealing. Specifically he cited the fact that Ireland did not need structural reform and the country has proper labor laws.

Ross would consider investing in Spanish Banks despite the massive problems the country is facing.

About the author:

Canadian Value
http://valueinvestorcanada.blogspot.com/

Rating: 4.4/5 (7 votes)

Comments

vgm
Vgm - 4 years ago    Report SPAM
Actually mine too! Due to market volatility at the end of 2011 I managed to get in at a lower price than Wilbur and Prem Watsa.

The tangible book value was around 30 euro cents when they bought at 10. I bought at 8.5. Today it's at 18. It potentially still has a ways to run.

Still Long BKIR

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