Laurentian Bank of Canada T.LB.PR.H

how low??

[jennifer8]

we it get below  $20.00?

[nedstar71]

Strangely enough this is the worst Canadian bank but has the most upside potential.  Look for $34-35 by year end (or more).  Unless the screw up again, but even then the bottom is likely within a dollar or two of here.  

[jennifer8]

whvt is the book value?

[nedstar71]

Figures I've seen are in the $60 range, but book value is pretty meaningless imo.

[jennifer8]

did you watch the bnn marketcall segment on jan 12, 2024 on laurentian by Mike Vinokur

[nedstar71]

Yes after you mentioned it here

[jennifer8]

he said look at others not this one.

[nedstar71]

He did indeed say that.  Depends on what you're looking for.  Those looking for a TD or a BMO should indeed look elsewhere.  Those looking for a little risk, a larger dividend and much larger share price appreciation potential would be fine putting some money to work here imo.

[jennifer8]

could the dividend be cut??? or stopped?

[nedstar71]

Of course.