183

Laurentian Bank (LB-T)

ON STOCKCHASE SINCE Feb 2001

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Laurentian Bank
LB-T

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What the experts are saying about LB-T

Signal	Opinion	Expert
BUY on WEAKNESS	Laurentian Bank(LB-T) February 19, 2019 If he was going to buy a bank it would be this. He's seeking dividend companies. He bought it in December at $39.56 with a 6.6% dividend. It has a good chance of rising above $50 again. Since then, he has bought more. But he wouldn't buy--or sell--it at today's price, though. banks 0 0 0 0 0 0 comments	If he was going to buy a bank it would be this. He's seeking dividend companies. He bought it in December at $39.56 with a 6.6% dividend. It has a good chance of rising above $50 again. Since then, he has bought more. But he wouldn't buy--or sell--it at today's price, though. banks 0 0 0 0 0 0 comments Benj Gallander President, Contra the Heard Inv... Price $44.400 Owned Yes

PAST TOP PICK	Laurentian Bank(LB-T) January 30, 2019 (A Top Pick Mar 26/18, Down 1%) He bottom-picked this, but LB didn't produce the upside he expected. They've had trouble cutting labour costs. But he's confident they'll resolve this and continue to digitize their branches. Pays a good dividend. You may need to sit on this longer. He reduce his shares, but still owns it. banks 0 0 0 0 0 0 comments	(A Top Pick Mar 26/18, Down 1%) He bottom-picked this, but LB didn't produce the upside he expected. They've had trouble cutting labour costs. But he's confident they'll resolve this and continue to digitize their branches. Pays a good dividend. You may need to sit on this longer. He reduce his shares, but still owns it. banks 0 0 0 0 0 0 comments Jim Huang President, T.I.P. Wealth Manage... Price $44.300 Owned Yes
DON'T BUY	Laurentian Bank(LB-T) January 7, 2019 Smaller-tier Canadian bank. Don't fool around, own one of the top-quality banks instead. Declining loan growth, issues with mortgages, which impacted the balance sheet, and it's in the penalty box. Earnings are not growing at the moment. Sell, and buy National or TD or any of the others. banks 0 0 0 0 0 0 comments	Smaller-tier Canadian bank. Don't fool around, own one of the top-quality banks instead. Declining loan growth, issues with mortgages, which impacted the balance sheet, and it's in the penalty box. Earnings are not growing at the moment. Sell, and buy National or TD or any of the others. banks 0 0 0 0 0 0 comments Barry Schwartz CIO & Port, Baskin Wealth Manage... Price $42.010 Owned No
DON'T BUY	Laurentian Bank(LB-T) January 3, 2019 It is a much more domestic bank. The yield is higher than CM-T and banks don’t typically cut their yields. The problem is if this company can grow. You are buying this purely for the income. Are there better growth opportunities elsewhere? The yield is good. banks 0 0 0 0 0 0 comments	It is a much more domestic bank. The yield is higher than CM-T and banks don’t typically cut their yields. The problem is if this company can grow. You are buying this purely for the income. Are there better growth opportunities elsewhere? The yield is good. banks 0 0 0 0 0 0 comments Lyle Stein Sr. Portfo, Vestcap Investment M... Price $38.840 Owned Unknown
BUY	Laurentian Bank(LB-T) January 3, 2019 Really cheap. In the last 20-25 years of history for that he has for this company only a couple of times it's been at this level. And subsequently it did very well. Best yield of the banks. What is not to like about it? banks 0 0 0 0 0 0 comments	Really cheap. In the last 20-25 years of history for that he has for this company only a couple of times it's been at this level. And subsequently it did very well. Best yield of the banks. What is not to like about it? banks 0 0 0 0 0 0 comments Ross Healy Chairman, Strategic Analysis C... Price $38.840 Owned Unknown
DON'T BUY	Laurentian Bank(LB-T) December 10, 2018 It is the only bank in North America with a unionized work force (37% of it). They are trying to come to an agreement so they can have more online services to customers. The other banks that are non-unionized have more flexibility. The valuation is cheap but so is CM-T. You could own LB-T but he prefers the other ones. banks 0 0 0 0 0 0 comments	It is the only bank in North America with a unionized work force (37% of it). They are trying to come to an agreement so they can have more online services to customers. The other banks that are non-unionized have more flexibility. The valuation is cheap but so is CM-T. You could own LB-T but he prefers the other ones. banks 0 0 0 0 0 0 comments Teal Linde Portfolio , Linde Equity Report... Price $38.760 Owned No
STRONG BUY	Laurentian Bank(LB-T) December 7, 2018 He likes this as a Top Pick. It resides in Quebec, the province with the strongest economy and where real estate value is still rising. (Analysts’ price target is $44.22) banks 0 0 0 0 0 0 comments	He likes this as a Top Pick. It resides in Quebec, the province with the strongest economy and where real estate value is still rising. (Analysts’ price target is $44.22) banks 0 0 0 0 0 0 comments Ross Healy Chairman, Strategic Analysis C... Price $39.660 Owned Yes
TOP PICK	Laurentian Bank(LB-T) December 7, 2018 A good quality stock in a strong growing province. A good long term hold. Yield 6.5%. (Analysts’ price target is $44.22) banks 0 0 0 0 0 0 comments	A good quality stock in a strong growing province. A good long term hold. Yield 6.5%. (Analysts’ price target is $44.22) banks 0 0 0 0 0 0 comments Ross Healy Chairman, Strategic Analysis C... Price $39.660 Owned Yes
DON'T BUY	Laurentian Bank(LB-T) December 4, 2018 Not fond of it. His worry is the lack of regional diversity. (It's based in Quebec.) They also lack a wealth management business. They stumbled last year when they suffered a scandal over mortgage underwriting that rattled investor confidence. banks 0 0 0 0 0 0 comments	Not fond of it. His worry is the lack of regional diversity. (It's based in Quebec.) They also lack a wealth management business. They stumbled last year when they suffered a scandal over mortgage underwriting that rattled investor confidence. banks 0 0 0 0 0 0 comments Brian Madden Senior VP , Goodreid Investment ... Price $40.810 Owned No
DON'T BUY	Laurentian Bank(LB-T) November 28, 2018 He's shorting it. It's too expensive vs. peers. It pays a good yield and has a good payout ratio. But he prefers CIBC and other peers. banks 0 0 0 0 0 0 comments	He's shorting it. It's too expensive vs. peers. It pays a good yield and has a good payout ratio. But he prefers CIBC and other peers. banks 0 0 0 0 0 0 comments Jason Mann CIO & Co-F, Edgehill Patners... Price $41.330 Owned No
HOLD	Laurentian Bank(LB-T) November 28, 2018 They have had disclosure issues on some mortgages and the share price has been under pressure as a result. He prefers the larger premium banks. They have a reasonable yield and multiples. banks 0 0 0 0 0 0 comments	They have had disclosure issues on some mortgages and the share price has been under pressure as a result. He prefers the larger premium banks. They have a reasonable yield and multiples. banks 0 0 0 0 0 0 comments Bryden Teich Portfolio , Avenue Investment Ma... Price $41.330 Owned No
BUY	Laurentian Bank(LB-T) November 26, 2018 National Bank vs. Laurentian Bank Laurentian, because their mortgage debacle has dragged down the stock until it's the cheapest Canadian bank. National isn't trading as much at a discount as its peers, and it has the biggest exposure to Canadian oil, which is a red flag. banks 0 0 0 0 0 0 comments	National Bank vs. Laurentian Bank Laurentian, because their mortgage debacle has dragged down the stock until it's the cheapest Canadian bank. National isn't trading as much at a discount as its peers, and it has the biggest exposure to Canadian oil, which is a red flag. banks 0 0 0 0 0 0 comments John Zechner Chairman, J. Zechner & Assoc... Price $41.560 Owned No
DON'T BUY	Laurentian Bank(LB-T) November 8, 2018 LB-T vs. BNS-T. Both are safe. He owns BNS-T. It is never a good idea to chase yield. BNS-T is the most international bank in Canada. banks 0 0 0 0 0 0 comments	LB-T vs. BNS-T. Both are safe. He owns BNS-T. It is never a good idea to chase yield. BNS-T is the most international bank in Canada. banks 0 0 0 0 0 0 comments Norman Levine Managing D, Portfolio Management... Price $42.430 Owned No
HOLD	Laurentian Bank(LB-T) October 29, 2018 Unlikely a bigger bank will take it over. One reason is that no big bank will take over a bank that has a union, like LB-T. They have had mortgage problems that are now fixed. Their valuation has come off while all banks are down. Hold. Dividend is safe. banks 0 0 0 0 0 0 comments	Unlikely a bigger bank will take it over. One reason is that no big bank will take over a bank that has a union, like LB-T. They have had mortgage problems that are now fixed. Their valuation has come off while all banks are down. Hold. Dividend is safe. banks 0 0 0 0 0 0 comments Bruce Campbell President, Campbell and Lee Inv... Price $41.070 Owned Unknown
DON'T BUY	Laurentian Bank(LB-T) October 24, 2018 They've had issues with mortgages in the past two years. Pays a generous dividend. Is a smaller Canadian bank. But when he consider banks, he doesn't look at LB, especially now during rising interest rates. banks 0 0 0 0 0 0 comments	They've had issues with mortgages in the past two years. Pays a generous dividend. Is a smaller Canadian bank. But when he consider banks, he doesn't look at LB, especially now during rising interest rates. banks 0 0 0 0 0 0 comments Michael Sprung President, Sprung Investment Ma... Price $40.770 Owned No

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