bank of ireland nearly went out of business , it could not have done lower , glanbia never encountered such uncertainty and risk , the food business is pretty boring most of the time , nestle or unilver have not grown like glanbia since 2011 and while small by global standards , glanbia ( and kerry ) are major companies in ireland and will become even more large as dairy production increases in ireland
its been range bound for nearly a year , thats not all that unusual , it had a freakishly strong 2013 and early 2014
on a different note , anyone who bought glanbia in 2011 ( stellar earnings out today ) has more than trebled their money , i owned it from around 4 euro to 11 euro but the damn thing is now above 15 , this is a stock which was far lower risk than any bank and especially bank of ireland
its sometimes the unglamorous sectors which surge behind people back
looks like people were waiting to hear about aib sale and now it's not happening investing elsewhere, ie not Irish banking. Didn't realise there was that much of a link with aib. Repeat of 2014 on the cards until the gov sell off both banks. Hold fast me hearties, there be unsettled waters ahead.
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