This thing is not too bad at its current price and my call is for a technical rebound, not a fundamentally driven long term buy and hold. This bank is more in trouble than Allied Irish Banks and for long term buyer I would favor AIB for 2 reasons. It is less talken of in media since it is less troubled and media are currently focusing and exagerating negative data. Second reason is that they have many options available beside government money should they have to raise capital and this will offset a part of the dilutive effect of such capital raising. IRE has not these options available and it also incurred significant loss in subprime stuff exposure, which AIB mostly evaded.