RE:RE:Laurentian Website Down Completelyrad10- you know what I think of LB. Personally, I don't see any change in heck htis gets bought as an operating entitiy. Sale of the loans and depostis only, which attracts zero premium. I was trying to be kind for Christmas. Buying at 22-23 as a trade, sure, long term hold, I don't see it. I have however been wrong before.
rad10 wrote:
DeanEdmonton wrote: So they announce an overall loss for the year, once again the results of the latest round of restructuring. Net interset margin down, efficiency ratio worst of any of hte Banks, return on equity sucks. Even after adjustment, earnings are down. Loans and depositis both shrink over year end last year, net impaired loans have doubled to .88%.
Results are entirely consistent with the poor perfromances of the past many years. You guys holding this long better hope for a buyout like CWB got. Best of luck.
a buyout like CWB? At 1.4 x book?
$80 bucks a share?
Nice idea, but a shade optimistic!