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Laurentian Bank Stock Symbol: LB-T

Last Price Recorded: $59.7100 on 2017-09-22

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Date Signal Expert Opinion Price
2017-07-27 TOP PICK Andrey Omelchak

Good management team that is focused on high return on equity activities and shutting down those that don’t have a good payoff.  They are rationalizing their branch locations.  It is a "Steady Eddie" company with a conservative payout ratio.  50% of their business is in Ontario and now they are expanding south of the border.  (Analysts’ target: $58.00).


Price:
$54.150
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Yes
2017-02-24 BUY Andrey Omelchak

This bank has done a tremendous job in trying to improve underlying operations with a focus on ROE. A big under performer relative to the other banks in respect to their profitability and ROE generation. Now they have focused on that, so are closing a lot of branches and optimizing operations. They are focusing on issues which are profitable, where they don’t have to compete with other banks and other institutions. It has really reinvented itself. However, it was a great buy closer to BV, and has even dipped below BV. Every time they do this, it is a tremendous buying opportunity. Dividend yield of 4.08%.


Price:
$59.740
Subject:
CANADIAN & HEDGING
Bias:
UNKNOWN
Owned:
Unknown
2017-02-13 WEAK BUY Paul Harris, CFA

A big franchise in Quebec.  They are cutting their branches by a third.  He has TD-T and RY-T, but LB-T was undervalued along with CWB-T.  He prefers TD and RY because of better access to the US.  (Analysts’ target: $61).


Price:
$60.600
Subject:
NORTH AMERICAN/GLOBAL
Bias:
BEAR
Owned:
No
2016-12-08 COMMENT Jim Huang

Laurentian Bank (LB-T) or National Bank (NA-T)? Both are Québec based banks, and tend to trade at a discount historically to the sector. National is larger and tend to have more of a higher risk asset mix in terms of lending and international ventures, but also has higher growth. Even though it is working very hard outside of Québec, it is primarily a Québec retail bank. The rationale for buying this bank is more on the dividend, and the hope for more improved efficiency.


Price:
$56.550
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Unknown
2016-08-25 DON'T BUY Kash Pashootan

Only step in if you see a significant difference in valuation with the other Canadian players.  He does not see that now.


Price:
$48.760
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
CAUTIOUS
Owned:
No
2016-08-25 COMMENT David Driscoll

(Market Call Minute.) He prefers something like Toronto Dominion (TD-T) that has more exposure to the US.


Price:
$48.760
Subject:
GLOBAL
Bias:
BEARISH
Owned:
Unknown
2016-08-11 PAST TOP PICK Ross Healy

(Top Pick Aug 20/15, Up 9.47%) A really, really cheap stock.  It was its usual low. 


Price:
$48.710
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Yes
2016-07-21 DON'T BUY Robert McWhirter

Canadian banks have improved, but are not ripping the leather off the ball on growth across the board. This bank rates “okay” on his dividend model, being 140 out of 743 stocks in the database, but there are kind of warnings because the latest year-over-year growth in cash flow has been negative at -3%. Three-year cash flow has only been at 5%. There are better opportunities elsewhere to give you a better adjusted return.


Price:
$48.740
Subject:
CANADIAN DIVIDEND & GROWTH
Bias:
UNKNOWN
Owned:
Unknown
2015-11-02 DON'T BUY David Burrows

He wants to focus on US based banks and insurance companies.


Price:
$52.260
Subject:
NORTH AMERICAN - LARGE
Bias:
BULL
Owned:
Unknown
2015-09-15 PAST TOP PICK Jerome Hass

(A Top Pick Oct 21/14. Short. A pairs trade with Callidus Capital (CBL-T). Down 1.84%.) He has a long-term Short on this bank.


Price:
$48.980
Subject:
CANADIAN MID-CAPS & LONG/SHORT STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
2015-09-01 COMMENT Michael Sprung

This is small and it is regional, but going into its earnings report tomorrow, people are probably expecting some good news.


Price:
$48.200
Subject:
CANADIAN LARGE
Bias:
OPTIMISTIC
Owned:
No
2015-08-20 TOP PICK Ross Healy

Very, Very cheap, huge discount to book value.  If you look at historical lows since 2009 other than the knife slices down, this one is there.  It is a lovely trading range that it has been stuck in for a long time.  If you get 25% of capital appreciation plus the dividend you would have a very nice year.


Price:
$46.910
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH
Owned:
Yes
2015-06-11 TOP PICK Ross Healy

(Top Pick June 17/14, Up 5.46%) He is happy with this one and still likes it.  The balance sheet has continued to rise nicely not making the company any more expensive than last time.  He wants to stay with it.  It is his favourite Canadian bank because it is the cheapest of the lot.  When you look at the downside risks under catastrophic conditions he sees only a 20% downside risk.  It has the best dividend yield.  4.5% yield. 


Price:
$49.520
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2015-05-08 TOP PICK Ross Healy

(A Top Pick June 17/14. Up 1.71%.) Its balance sheet has caught up with its price, and has been trading above one of his technical support levels based on its BV. Very, very cheap. If banks ever take off, this one has to move because it is the best value of the lot. Dividend yield of 4.5%.


Price:
$48.400
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2015-03-02 COMMENT Larry Berman CFA, CMT, CTA

Very regional bank. Thinks they are more of a pure bank and do not have a lot of exposure to the oil price.


Price:
$49.090
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
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