RE:RE:RE:RE:Does this have legs……?nedstar71 wrote: rad10 wrote:
DeanEdmonton wrote: I wish all the best to those of you with the Cojones to to hold this stock. Hopefully you manage to get out somehwere around 37-40 bucks, given the "Strategic Review" fever only ran it up to 45 bucks. Even though I won't own it myself, I never wish any retail investor bad outcomes, we all work way too hard for our money.
rad10 wrote: Pleasant surprise - it's cheap, it's a dog, it's had some PR disasters that are now in the rear view mirror......
We know all these things. Nice paper gain, sell at 75% of book.
high 30s is good. With credible leadership there is no reason this can't trade at 70% book. I don't see this potential capital appreciation in the bigger Canadian banks (but I have positions in all of them)
all the best!
Exactly. It's almost funny someone would call into Market Call to ask about Laurentian. Of course every guest is going to trash it 100% of the time. To say it's not a great bank compared to the others is obvious. But priced as it is it doesn't need to be.
If all things being the same other than say the share price was at $10 instead of $27 the analyst would have likely provided the exact same answer, which shows he just doesn't get it. Sure it's a sh!tty bank. But it's priced as a REALLY REALLY sh!tty bank.
Capital appreciation and yield wise the odds of it outperforming those unsh!tty banks are quite high imo.
If you actually followed the analysts, all you would be doing is buying high and selling low as per their recommendations, which is not a good strategy.