Bank of Ireland: mortgages, pre-crash levels

Hi guys! What are you guys thoughts on this company?
I have a long position @$6+ and obviously am bullish. But I would like to hear the opinions of the WSO people.

My rationale for going long was the improving EU market. Bank of Ireland holds a significant portion of mortgages, pre-crash levels. So improving EU will likely improve IRE mortgages values.

What do you guys think?

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