Bullboard - Stock Discussion Forum Laurentian Bank of Canada T.LB

Alternate Symbol(s): LRCDF | LAUCF | T.LB.PR.H

Laurentian Bank of Canada (the Bank) is a Canada-based provider of financial services to its personal, commercial and institutional customers. The Bank operates in Canada and the United States. Its segments include Personal Banking, Commercial Banking and Capital Markets. The Personal Banking segment caters to the financial needs of retail clients. The Commercial Banking segment caters to the... see more

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Laurentian Bank of Canada > IF A BUYOUT IS ANNOUNCED MONDAY AM

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Post by insidersnoop1 on Nov 16, 2024 2:40pm

IF A BUYOUT IS ANNOUNCED MONDAY AM

...........someone should be going to jail. Bollinger bands signaled a sell and RBC Capital published a SELL rating only a few days ago on Sunday Nov. 10 with a 12 month target of 25$.
If (and only if) earnings have improved in Q4 report on Dec.6, stock price will improve over time.
If there is no improvement in earnings and (God forbid) they announce a dividend cut to 4%, the share price will tank to 25$ fast.
I sold everyting I had yesterday at 28$. Nobody ever went broke taking a profit. Will wait for 25$ - 26$ range to buy back.

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Comment by nedstar71 on Nov 16, 2024 10:44pm

No reason whatsoever to speculate about a dividend cut here, as it's well covered and in no danger. As for an analyst sell rating, that has been par for the course for years now so nothing new. Sheep analysts keep trying to analyze this by big six standards, and therefore continue to be clueless. You've been pumping about takeover offers all year and now start bashing the day ...more

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