Laurentian Bank of Canada T.LB

Important message

[Hightech1Boy]

This amazing Canadian bank from the great province of Quebec  is very probable takeover target in the very near future ! Any questions ?

[jennifer8]

who will and when???

[HyperCube]

I don't know if it will happen. But who could do it: Any big canadian bank RY, CM, BNS, TD and BMO. Even NA could do it if you leave them some time to digest their current purchase. LB is small. I don't think there would be any regulatory concerns about it being bought. It's not like years ago when big banks wanted to buy each other. If TD wanted bo buy BMO, there would be concerns

[Martincat]

What would be a fair takeover price for this great bank?  I would venture something in the high forties.....JMHO!

[nedstar71]

I'd guess high thirties to low 40's would get the deal done at this point, unless management are truly as dense as the market believes.

[HyperCube]

Book value is about $56.59. Not necessarily the right price, but a good starting point.

[jennifer8]

then why hasnt it been bought out by now???? when others backed out!

[Pandora]

Good question!  It would be nice to just have one stock that does something. This up today, down tomorrow on most of my stocks gets tiring.

[HyperCube]

Up today, down tomorrow? The TSX is up 17% over one year ago, 41% over fiver years ago (that's before COVID-19). Yes, some days the stock market goes down. But generally, these are good times.