Post by
Figlen on Jun 02, 2021 2:07pm
A solid investment
Laurentian bank has a history of stock price volatility and sits in the shadow of the Big 6 Canadian banks, but should be not thrown aside as a poor investment. Follow its price charts through the ups and downs and you'll see that it sits at a good point in the financial cycle with most of its negative news behind it but still lots of potential forward. At earnings of $4-$5 a share per year for 2021 and 2022 and a 12 p/e, there is lots of potential for this stock to get to $60 plus . As previous comments have mentioned, there is a need for more deposits but the new commercial focus nd cost cutting measures seem to be working and thus I feel this stock deserves a longer look. I am also a big believer and investor in CM plus liked where the banks were last year and now feel that they've run up there is some need to spread out the risk by going into the smaller lagging Financials.
Comment by
DeanEdmonton on Jun 02, 2021 4:05pm
Different perspectives is what makes a market. I wish you all the best with Laurentian.
Comment by
YupnDump on Jun 02, 2021 4:58pm
can't beleive it. l put in a stink bid of 43.40 from a week ago and it took this am...WOW l also spoke to my Banking invest broker and l'm in DRIP. what the hell. who knows what the future hold. and l will just hang on this yewar.. good luck LB'ers