Opinions
Paul Gardner, CFA
Canadian Imperial Bank of Commerce (Pref C)
CM.PR.C-T
COMMENT
Jul 19, 2007
5.75% yield versus CIBC shares with a 3% dividend. Preferred is safer with a nice return, but the corporate bond market is starting to compete with preferreds and the spreads are starting to move out. You might be better in the corporate bond market.
$25.950
Stock price when the opinion was issued
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