TSE: LB

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Hi Dan

What are your thoughts on this bank stock?

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Asked on February 27, 2025 5:01 am
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I cannot see a reason to own it over any of the other major institutions. Poor operations overall and is just inferior to the Big 6 and even Equitable Bank in pretty much every way.

The only reason I could see a benefit to holding this one is on the off chance a big bank comes in and buys it and investors receive a premium on their shares. However, the bank has already opened itself up for sale and nobody made an offer.

Revenue has been flat for like 5 years now and earnings continue to decline. Company would need some sort of substantial turnaround to get any of my interest again

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Posted by Dan Kent
Answered on February 27, 2025 7:40 am