TSE:CWB

Canadian Western Bank (CWB.TO)

56.63
-0.62 (1.08%)
as of Feb 4, 2025, 9:00:00 pm Market Open.
174 watching
0
BUY
Effectively a growth stock. Exceptionally well run. Conservatively managed. Should be a big beneficiary of the ongoing resource boom, which has had a very severe setback in the last 6 months.
DON'T BUY
Has had a very difficult time. Their focus is primarily in the west and primarily in the resource area.
DON'T BUY
Always had a higher multiple and traded at a premium to other Canadian banks. Had very good growth and stayed away from bad investments. Prefers Royal (RY-T) and Toronto Dominion (TD-T), at much lower multiples.
COMMENT
This was a relatively late one amongst the banks to get moving down. There are better places to go.
DON'T BUY
Performance has been very good over the years. Earnings are starting to slow because of the economic environment they are in. He is not buying any Canadian banks because the price to cash flow multiple are twice as high as any other banks globally.
DON'T BUY
(Market Call Minute.) No real value in the banks. His model price is $22.53. 5% upside is not worth it.
HOLD
Was a star performer and is still doing relatively well. Grew with the commodity boom. Very well run. A little vulnerable as commodities have started to weaken. Fabulous bank.
WATCH
Of all the banks in Canada, it probably has the best market area. No exposure to derivatives. Dragged down by the sector as a whole. If you have concerns about energy, this one will be impacted. Would like to see a trade above $27 before he bought.
BUY
Has been disappointed in the performance as it is not exposed to US housing and does not have asset backed commercial paper as well as being in the fastest growing part of Canada. Small caps seem to have dramatically lagged the large caps.
HOLD
Really likes this bank. There is exposure to the energy sector, which is boom and bust. Underneath that story there is a larger story of huge demographic growth in Western Canada.
COMMENT
Very well managed. Hugely exposed to the Alberta economy. Was trading at a huge unsustainable premium and has given most of this back. Good long-term hold. When it breaks above the 200-day moving average, which might be a good entry point.
TRADE
A great play on economic strength in western Canada. Not inexpensive, probably the most expensive in Canada. They’re had tremendous growth. You’re fighting the tide with the financials.
BUY
Held on longer then almost any other bank. If you are looking for a bounce play in the banks, this is one of them, although it doesn't fit him.
BUY
This is his largest position in banks. This is different as it is Western and into commercial lending. The market is tightening up for it a bit though because of general financial conditions.
DON'T BUY
Went sideways for a while and has now just cratered. To play it, you need to wait for a reversal.
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