Thoughts on Versabank VBNK.TO

0
0
Marked as spam
Asked on December 17, 2024 10:56 pm
36 views
0
Private answer

I'm not a gigantic fan of the company. It is not that it isn't a high quality institution, I've just never felt the desire to hold this company over something like Equitable Bank or the other major institutions here in Canada.

It seems to be doing very well in 2024 and just took advantage of high share prices with a pretty considerable share offering. The one interesting thing is how low the offering price was, as it looks to be in the $13 range when the shares were trading in the $25 range.

I view the company at similar reward for higher risk than the major financial institutions here in Canada. So as a result, I just own those instead.

Marked as spam
Posted by Dan Kent
Answered on December 18, 2024 8:06 am
0
Thanks Dan, I was under the believe they are going to start expanding more heavily into the US, if so and can make headways into the US market I can see the stock price jump...But then again...
(bpl521@outlook.com at December 18, 2024 11:23 pm)
0
They can definitely expand into the United States, no doubt about it. But the competition in that space is absolutely fierce. Would be far from a slam dunk for success.
(Dan Kent at December 20, 2024 12:48 pm)