RE:RE:BNS Trades at a Discount For a Very Good ReasonFidy - you can't really be that poorly informed. You have to be playing stupid because all you have to do is compare LB to the other Canadian Banks.The only reason Laurentian Bank jumped back to $40 is they have put themselves up for sale and people are betting on them selling closer to book value than the $30 it was trading at before the announcement. Personally, I doubt they will find a buyer for anywhere near $40, let alone their supposed book value.
Look at the stock chart for the last 20 years.This Bank was trading at 30 bucks in 2004, got up just above 60 in 2018 and then has dropped back into the 40s then 30s. So just prior to the potential sale, it was trading the same as it did 20 years ago. RBC has gone from 30 to over 120, and that doesn't count splits, over the same 20 years.
FiddyFiddyShot wrote: Laurentian bank, the bank that recently jumped 40 % in share value - THAT Laurentian Bank ?
Godda love those banks with decades long systematic problems eh ?