Monday, August 24, 2009

Rumour: BMO TU?

Bank Of Montreal Gaming Its Books? Noted advisor to market short-sellers Dan Amoss thinks so.

Amos will name names at 12 noon today. The clue is in Amos' description of the as yet unspecified institution:

“With a 192 year old history and 37,000 employees, its crash would drop like an A-bomb on unsuspecting shareholders…”

BMO was founded in 1817.

PS. This report's been floating around since the 20th and hasn't moved BMO's stock at all. So who knows?


Robert G. Harvie, Q.C. said...

I've read the Amos post and it sort of smacks a little of American insecurity.

"You Canadians think your banks are so superior.."

BMO stock is only marginally down today, and there is nothing from any reputable financial publication that suggests any concerns for BMO.

Frank said...

Cue the BMO lawyers.

RuralSandi said...

Geez BCL you're scaring the hell out me - hubby works for BMO

Frank said...

BMO down 3.6% on the day. The BCL effect?

crf said...

I tried googling "amos bmo" and got mostly links to 9/11 truther sites.

Anyway, I think it is a scam by this Amos fellow to either publicise himself, or just see if he can cause mischief. If Amos had anything to say, he should say it at the time and let people judge it. Information doesn't ripen with time like fine wine or cheese.