RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:floor droppedPandorra - Laurentian has been badly run for 40 years. They have changed out senior leadership MANY times, all promising a turnaround. The last CEO replaced leadership that was on a 5 year turnaround that never wwent anywhere. It isn't just the senior exec, the board are a bunch of loons too, and they aren't changing. The series of turn arounds, re-focus, alignmnets etc has never happened.
I do watch Laurentian from the sidelines. I have only ever short term traded this stock. I never believed in buying the runt in any litter for long term holds, always the 2 best in any industry. As far as the revert to the mean arguement, look at the share price history the last 20 years, it has always traded at a discount. Anyone who bought in, in the high 30s to near 60 is going to be collecting the dividend for a VERY long time to get anywhere close to break even.
Buying in the 22-25 range, probably not a lot of downside left in the stock, so a reasonable bet for those that want to play the odds, but don't ever think this is going to rank any better than last place.
Pandora wrote: DeanEdmonton wrote: Nedstar - that was down right funeeee! What I always worry about on thse boards is someone buying into this B.S. and thinking it makes an arguement for a higher priced buyout. I don't believe anyone in their right minds would buy LB as an operating entity. It is poorly run and has a ton of tiny branches spread all over Quebec that would be a political nightmare to close. Assets and deposits, maybe, but you don't get much of a premium for that.
nedstar71 wrote: DeanEdmonton wrote: Insider - I have called uyou out before about this lie that LB turned down a $45 offer. You have NEVER provided proof of this and there is no record of this being true. QUIT spreading revisionist B.S>
insidersnoop1 wrote: LB refused 45$ buyout from National Bank last year (LB book value is 65.50$). CEO was fired 1 month after negotiations. She refused offer probably because she didn't want to lose her CEO position after buyout and merger.
I would see Scotia Bank making an offer since they like Mexico and South America. So why would they not want to expand in Quebec ?. (safer than Columbia).
After the next quarterly report we will have a good idea of improvement in earnings. It will provide new infos for new takeover talks,
Dean....you're forgetting this poster is insidersnoop. He likely had the offices where the negoiations took place bugged. No way he would make stuff like this up ;-)
You say the Company is poorly run! If you read over the news releases for the past year you realize they have changed out pretty much all of senior management from the top down -- and then after they have done that you say it is poorly run. Do you feel they should have left management as it was or are you just throwing out that statement because you assume the new people being in-house must be faulty as well.
You might at least consider giving them enough time to make an impression on results, before you cancel them out. If that's not a reasonable approach you could always sell out and take a chance with whatever you choose and watch LB from the sidelines.