Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of The Bank of Ireland
So what: After some odd trading over the past week in which Bank of Ireland and fellow Irish bank Allied Irish Banks
Now what: One of the primary goals for the Irish government now is to get down and dirty with the country's banking system and turn it from a sickly behemoth into a smaller, healthier system. That's undoubtedly a great goal, and fixing the banks would go a long way toward putting the country back on stable footing. However, that doesn't provide much comfort for shareholders because their interests will most likely be an afterthought in the process.
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