Rochester, NY 8/19/2009 10:59:39 AM
Allied Irish Banks, plc. (ADR ) AIB ,The Bank and the Government benefited from recent AIB leak
Allied Irish Banks, plc.
The really interesting thing about leaks to media organizations is often who did the leaking and why. The leak about Canadian bank taking a possible stake in Allied Irish Banks these are particularly interesting and significant questions.
At first sight only three could possibly have leaked the information. The Government or the Canadian Imperial Bank of Commerce. The latter is very unlikely. Why, after all, would bank leak information that would inevitably raise the target's share price? This leaves us with either the Government
Those two organizations both have strong motives for a leak. The leak was made towards the end of a disastrous week for the Government's plans to create the National Asset Management Agency the demise of Liam Carroll's property empire has really brought home to the public just how much they will overpay, in the short term at least, for the property that the Government will buy.
Newspapers and the airwaves were full of chatter about the damage to and the agency's many opponents in academia (where there does not appear to be a single supporter of the plan) were also very much in evidence.
http://WhisperFromWallStreet.com offers free daily stock alerts on companies ready to run. Scroll to the bottom of this page to signup for free stock alerts and visit our site.
WhisperFromWallStreet.com has a dedicated team uncovering stocks ready to break and run. We apply time tested criteria and when one of these stocks meets or exceeds our benchmarks, our subscribers are immediately notified directly to their in-box.
This is a free service available only to our subscribers. Scroll to the bottom of this page to signup for free stock alerts and visit our site.
During 2009 our alerts have resulted in an average price gain of 80%+.
Disclaimer: Full disclaimer at http://WhisperFromWallStreet.com/disclaimer.php
IMPORTANT: Never invest in any stock featured in any press release, email or website unless you can afford the loss of your entire investment. Stocks and particularly penny stocks have the possibility for dramatic gains, and also losses. Neither StockEinstein, nor any of its affiliates are registered investment advisors or broker dealers.
