Irish stocks have fallen a lot this year. This post mentions two Irish banks, Bank of Ireland (IRE) and Allied Irish Banks (AIB). However, Irish stocks in general now trade at substantial discounts to their peers in Europe. This post argues that Irish stocks are cheap and shares of these two Irish banks should outperform the giant U.S. financial services firms.
Third Avenue Management LLC, the money manager founded by activist investor Martin Whitman, became the largest investor in Radian Group Inc., the worst-performing stock in the Standard & Poor's Midcap 400 Index this year. Radian rose 15 percent in New York trading.
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