Laurentian Bank of Canada T.LB.PR.H

Primary Symbol: T.LB Alternate Symbol(s): LRCDF | LAUCF

Financial Services

Laurentian Bank of Canada (the Bank) is a Canada-based provider of financial services to its personal, commercial and institutional customers. The Bank operates in Canada and the United States. Its segments include Personal Banking, Commercial Banking and Capital Markets. The Personal Banking segment caters to the financial needs of retail clients. The Commercial Banking segment caters to the financial needs of business clients across Canada and in the United States and provides commercial banking, real estate financing, and equipment and inventory financing. The Capital Markets segment provides a range of services, including research, market analysis and advisory services, corporate underwriting for debt and equity, and administrative services. The Bank's clients can access its offering of financial advice, products and services through a network of branches in Quebec. The Bank offers a digital direct-to-customer platform to all Canadians. The Bank has approximately 57 branches.

TSX:LB - Post by User

Laurentian Bank of Canada > Is it time to buy

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Comment by DeanEdmontonon Oct 20, 2023 1:21pm

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Post# 35693355

RE:RE:RE:RE:RE:Is it time to buy

GREAT reply. I truly hope you make a metric TON. About time someone made money on LB. Personally, I lack the Testicular Mass to be one of them. ;-) All the best.

perplexed01 wrote: hi dean - as per my previous posts my plan is to buy in $.50 increments as SP drops. i dont know where the bottom is but i feel there is increasingly good value here.

as already posted i believe $20 SP possible but who knows - not me anyway. i also believe it will snap back very quickly so the bottom will be hard to identify until after a major move. and given some expectation of a sale even more unpredictable.

i sold most of my lb position when it popped into the 40's so i have lots of dry powder to buy back lb and my current portfolio is almost 80% short term bonds so i have some maturing almost every month.

also my gut tells me it is time to start moving back into stocks. so for me the only constraint is to not have too large a position. your posts suggest that lb is not a safe stock - do you really feel lb will fail or are you shorting?

so to answer your question yes i like it - "giddy" might be an overstatement. i will not like it in the teens.