RE:RE:RE:RE:RE:TimingOnce again, 88 is now short this stock so he is giving you a very pessismistic view of the pending LB sale. Stephen Takascy who actually knows something about Quebec finance and the players involved, just made LB his TOP PICK on Bnn. He believes LB is worth around $60/share (book value) and will get offers in the $55/share range.
All the Canadian banks are still in the mix here. All banks want to get a foothold in Quebec. Banks never go on sale in Canada so there will be plenty of interest. There is likely more than one offer out there already.
Look for things to heat up near the end of the month. No one knows what talks have gone on behind the scenes. Anyone who tells you they know what is going on is lying like 88 does all the time - even to himself.