National Banks Result's Say They Are Not a Buyer
National, that I hold a small position in, did not fare well this quarter and anyone who thought they were a candidate to take out Laurentian should probably consider that they would have to issue a lot of shares to do that. In the current environment, and after the results they just posted, I do not see them trying that so I do not see them as a buyer. If I am wrong and they do actually jump into the buyer pool I would sell every National Bank share I have. The lack of an update from National or Laurentianat their earnings release, tells me the "Strategic Review" is not going well at all.