Bullboard - Stock Discussion Forum Laurentian Bank of Canada T.LB.PR.H

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

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... see more

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TSX:LB - Post Discussion

Laurentian Bank of Canada > Close below 40$ today ?

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Post by insidersnoop1 on Jul 31, 2023 4:32pm

Close below 40$ today ?

Mr. Market is always right. Pure speculation : good luck !

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Comment by Investing4Life on Jul 31, 2023 8:01pm

Do you think Mr. Market was simply impatient today? He is known to be moody. Or even irrational. https://www.investopedia.com/terms/m/mr-market.asp Points to ponder as we wait for news. Or clues.

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Comment by ahkow42 on Aug 01, 2023 12:40am

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Comment by dogatcat on Aug 01, 2023 10:57am

I was thinking about this last night. I own some LB and I bought when Ross Healy recommended it on BNN, in the low $30s, so granted I am still in the green here but I have not sold. I am considering buying more. I don't think this is just 'pure specualtion'. The scarcity of the asset makes it desirable. There will be bidders. ...more

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Comment by Investing4Life on Aug 01, 2023 10:15pm

I like the line of reasoning here. "Scarcity of the asset" rings true for me. Canadian banks are few and chances to buy them far between. But if the major risk is a "non-sale", I don't see a disasterous outcome. Please correct me if I am missing something, but this isn't a small cap with no revenue and a risk of complete failure. It's a Canadian bank, albeit a ...more

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Laurentian Bank of Canada