Laurentian Bank of Canada LAUCF

Have Been RESTRUCTURING for Decades

[DeanEdmonton]

Yet another HUGE loss posted for restructuring that never produces better results. Look at the latest quarter; losses, lay-offs and shrinkling business. They have been trying to shrink their way to greatness for a VERY long time. It still won't work. Grow or die.

[existabo]

Or Put yourself to sell, cheap way for an other cdn bank to growth on low Price to book this sucker is really relly cheap

[PianoMan]

Desjardins or National Bank will buy these guys this year...They trade very low vs their book value. 

[rad10]

  I've thought this for a while now.  This was the gossip in the Montreal business community, but nobody pulling the trigger.

[Northforce13]

"I've thought this for a while now.  This was the gossip in the Montreal business community, but nobody pulling the trigger." People did pull the trigger.  The board spent 15 million blocking, disuading and discouraging offers so they could keep their jobs.  The start of the strategic review process was due to an offer placed for the bank.  Share holders

[rad10]

  true - but there has been a house cleaning since.  The "ultra progressive" former CEO is showing her true colours with severence demands.   Self serving indeed.   This sad chapter will soon be history.

[DeanEdmonton]

No one came forward to buy this as an operating entity during the last go round, so if you are holding on hoping for a return to the highs of the last strategic review you are going to be very disappointed. No one wanted it then and for sure no one wants it now that it is in even worse shape. They can sell the book of loans and deposits, but the rest is worth zero, As far as the last CEO, she was

[rad10]

3 years in the job, system outage.  Fired with cause......  looks like almost 10 million has been set aside for severances over the next few quarters.  I don't think she deserves a cent, but that's just me. 7.5% qualified dividend income on common,  double digits on my cost basis on the preferred.  Just bought the dip.  Took some profits on Royal Bank for

[rad10]

Yep 2.9 million severance this quarter, 7 million set aside next quarter.  Lots of capital markets people were let go. Horrible performance, simplified structure, all good. When was the best time to buy Wells Fargo ?

[PianoMan]

Right, they're dusting the furniture. Senior management will get plenty of nice bonuses if there is a takeover/merger. It trades way below book value, it has interesting assets (deposits etc.) and is profitable. It will bne bought in due time, not that a large of bite..

[Red_Deer]

Hey DeanEdmonton__You WERE 100% WRONG on Canadian Western Bank__EVERYONE is LAUGHING at YOUR BASHING Canadian Western. You Got ZERO CREDIBILTY Now__HOW Does THAT FEEL eh ??? So GET SET for the SAME Laughing When Laurentian IS TAKEN OVER eh !!!!!