RE:RE:bookvalue
DeanEdmonton wrote: Apparently zero since it failed to attract a bid of any kind. No one wanted it as a going concern, even with the Union gone. If you can only sell your actual loan and deposit books/balances, then effectively your Bank is worth the net difference in the two, which would not be a hell of a lot.
jennifer8 wrote: hi what is the believed bookvalue?
come on Dean ! We know you don't like this bank - and yes it's a pig, but zero?
Big dividend and trading at 43% of book. Lots of potential upside. Sure - we won't get the full 62 bucks, but very little has to go right for it to start trading like Canada Western at 72% of book. (44 bucks for LB).
Collect the fat dividend, hope the new CEO is half as good as they claim, stock should migrate upwards.
Buyout from one of the bigger / better banks or Desjardins would be a bonus. Maybe 80% of book? OK that's a stretch.
Very little downside IMHO. Long common and preferreds.