Posted AT 8:58 AM EST on 11/09/07
Buy Guardian stock, own a piece of BMO
Whither Bank of Montreal stock, so goes shares of Guardian Capital Group Ltd.Shares of the money manager have been tracking the bank's stock because it has close to five million BMO shares on its books - a holding that represents nearly half of its net asset value (NAV).
And some investment industry folks suggest it could be a less pricey way to play BMO, whose shares yesterday closed at $62.34 on the Toronto Stock Exchange.
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