Friday, December 10, 2010

Wilbur Ross Thinks Celtic Tiger Still Has Fangs

Mr. Ross is one of the very sharpest guys in the money game.
From DealBook:

Wilbur L. Ross Jr., best known for buying distressed investments and turning them around, is taking an interest in Irish banks.
DealBook spoke to Mr. Ross to find out why he thinks the country’s financial institutions look like a good deal, despite Ireland’s debt crisis.

Not a lot of people look at Ireland and think “opportunity” these days. What do you see that others don’t?

Is Ireland a distressed asset with sound fundamentals?

As the Irish government raises capital requirement for banks, your investment group has been pursuing a bid for E.B.S. Building Society, one of the country’s largest lenders. How do you know you’re right about this one?