209

Canadian Western Bank (CWB-T)

ON STOCKCHASE SINCE Jan 2001

banks

Canadian Western Bank
CWB-T

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What the experts are saying about CWB-T

Signal	Opinion	Expert
DON'T BUY	Canadian Western Bank(CWB-T) January 9, 2019 A good bank, but he questions if it's best in breed. Best in breed involves dominant industry position, sustainable competitive advantage, very strong management, high margins and ROC. There are better examples in the banking industry. Not very diversified geographically. Wealth management, insurance, and capital markets are voids in its portfolio. banks 0 0 0 0 0 0 comments	A good bank, but he questions if it's best in breed. Best in breed involves dominant industry position, sustainable competitive advantage, very strong management, high margins and ROC. There are better examples in the banking industry. Not very diversified geographically. Wealth management, insurance, and capital markets are voids in its portfolio. banks 0 0 0 0 0 0 comments Brian Madden Senior VP , Goodreid Investment ... Price $28.300 Owned No

HOLD	Canadian Western Bank(CWB-T) September 17, 2018 A mortgage- and loan-heavy bank, so it's more volatile than the big banks. But volatility is opportunity. Don't trade out of this for one to buy one of the big guys. Just stick with it. banks 0 0 0 0 0 0 comments	A mortgage- and loan-heavy bank, so it's more volatile than the big banks. But volatility is opportunity. Don't trade out of this for one to buy one of the big guys. Just stick with it. banks 0 0 0 0 0 0 comments Douglas Kee Chief Inve, Leon Frazer & Associ... Price $34.200 Owned Unknown
COMMENT	Canadian Western Bank(CWB-T) February 22, 2018 Tied in with Alberta's economy, but in the past few years has surprised all--its loans losses aren't as bad as people feared. They've weathered the oil crisis very well. Prefers banks not as regional as this one. If you're positive about Alberta's outlook, then CWB is a good hold. A few new pipelines would boost sentiment. banks 0 0 0 0 0 0 comments	Tied in with Alberta's economy, but in the past few years has surprised all--its loans losses aren't as bad as people feared. They've weathered the oil crisis very well. Prefers banks not as regional as this one. If you're positive about Alberta's outlook, then CWB is a good hold. A few new pipelines would boost sentiment. banks 0 0 0 0 0 0 comments Michael Sprung President, Sprung Investment Ma... Price $37.820 Owned Unknown
COMMENT	Canadian Western Bank(CWB-T) February 14, 2018 National Bank or Canadian Western Bank or Laurentian? Definitely National. It's growing in asset management and spending on technology, adapting their tech to their data findings. Drawback is it's Canadian-only focus. That said, he prefers larger banks operating in U.S. like TD and Royal. banks 0 0 0 0 0 0 comments	National Bank or Canadian Western Bank or Laurentian? Definitely National. It's growing in asset management and spending on technology, adapting their tech to their data findings. Drawback is it's Canadian-only focus. That said, he prefers larger banks operating in U.S. like TD and Royal. banks 0 0 0 0 0 0 comments Zachary Curry Chief Oper, Davis-Rea Ltd.... Price $37.820 Owned Unknown
DON'T BUY	Canadian Western Bank(CWB-T) December 27, 2017 Doesn’t like. They don’t own any of the banks in Canada. It’s one he would avoid he doesn’t see good upside. Had a nice rebounce coming back from the energy issues that plagued the sector in 2015 and early 2016. If he owned, he would look at trimming and wouldn’t be picking up here. The oil environment has improved and gotten a lot better and thinks Canadian Western Bank is fully valued at this point. It’s a valuation issue, and also a broader issue around the banking sector with valuations, you are paying for the fundamentals, and thinks fundamentals are rather toppy in terms of the credit cycle. banks 0 0 0 0 0 0 comments	Doesn’t like. They don’t own any of the banks in Canada. It’s one he would avoid he doesn’t see good upside. Had a nice rebounce coming back from the energy issues that plagued the sector in 2015 and early 2016. If he owned, he would look at trimming and wouldn’t be picking up here. The oil environment has improved and gotten a lot better and thinks Canadian Western Bank is fully valued at this point. It’s a valuation issue, and also a broader issue around the banking sector with valuations, you are paying for the fundamentals, and thinks fundamentals are rather toppy in terms of the credit cycle. banks 0 0 0 0 0 0 comments Geoff Scott Institutio, Cambridge Global Ass... Price $38.970 Owned Unknown
HOLD	Canadian Western Bank(CWB-T) November 17, 2017 Although located in the West, the company is not dependent on oil and gas. They’ve been doing well. Have broken into eastern Canada a little. It is probably worth holding. 2.7% dividend yield. banks 0 0 0 0 0 0 comments	Although located in the West, the company is not dependent on oil and gas. They’ve been doing well. Have broken into eastern Canada a little. It is probably worth holding. 2.7% dividend yield. banks 0 0 0 0 0 0 comments Michael Smedley Exec VP & , Morgan Meighan & Ass... Price $35.310 Owned Unknown
DON'T BUY	Canadian Western Bank(CWB-T) October 3, 2017 This has had a great recovery with both the oil recovery and housing worries abatement. He wouldn’t look at this in relation to other Canadian banks. Has a yield of under 3%, and you can get Bank of Nova Scotia or Royal Bank that is closer to 4%. banks 0 0 0 0 0 0 comments	This has had a great recovery with both the oil recovery and housing worries abatement. He wouldn’t look at this in relation to other Canadian banks. Has a yield of under 3%, and you can get Bank of Nova Scotia or Royal Bank that is closer to 4%. banks 0 0 0 0 0 0 comments Ryan Bushell President, Newhaven Asset Manag... Price $33.950 Owned Unknown
BUY	Canadian Western Bank(CWB-T) September 21, 2017 It has had a wonderful rally. He is more constructive now on energy than in quite some time. This is a help from western Canada. He prefers US banks to Canadian but certainly this one is acting great and he would not have a problem owning it. banks 0 0 0 0 0 0 comments	It has had a wonderful rally. He is more constructive now on energy than in quite some time. This is a help from western Canada. He prefers US banks to Canadian but certainly this one is acting great and he would not have a problem owning it. banks 0 0 0 0 0 0 comments David Burrows President , Barometer Capital Ma... Price $32.000 Owned Unknown
DON'T BUY	Canadian Western Bank(CWB-T) August 24, 2017 This one is in the work out phase. He stays with the larger banks. You are takin on the Western economy with this one. He prefers BNS-T and TD-T. banks 0 0 0 0 0 0 comments	This one is in the work out phase. He stays with the larger banks. You are takin on the Western economy with this one. He prefers BNS-T and TD-T. banks 0 0 0 0 0 0 comments Rick Stuchberry Portfolio , Wellington-Altus Pri... Price $28.540 Owned No
PAST TOP PICK	Canadian Western Bank(CWB-T) July 13, 2017 Short. (Top Pick Jun 10’16, Up 9.11%) This is a paired trade for him. He has no specific target. banks 0 0 0 0 0 0 comments	Short. (Top Pick Jun 10’16, Up 9.11%) This is a paired trade for him. He has no specific target. banks 0 0 0 0 0 0 comments Jerome Hass Portfolio , Lightwater Partners... Price $27.720 Owned Yes
COMMENT	Canadian Western Bank(CWB-T) July 4, 2017 A levered way to play Canadian banks. When oil prices go down, this bank goes down more than it should. If you think oil prices are near their bottom, and he does, as they go up, this bank will catch up. This could be a really good levered play. Be careful, because if oil were to go back down to $40, this bank goes down. banks 0 0 0 0 0 0 comments	A levered way to play Canadian banks. When oil prices go down, this bank goes down more than it should. If you think oil prices are near their bottom, and he does, as they go up, this bank will catch up. This could be a really good levered play. Be careful, because if oil were to go back down to $40, this bank goes down. banks 0 0 0 0 0 0 comments Bruce Campbell President, Campbell and Lee Inv... Price $27.860 Owned Unknown
COMMENT	Canadian Western Bank(CWB-T) June 30, 2017 The whole banking sector is quite positive. The chart shows a little head and shoulders. If it can break above $32, it would probably run away pretty nicely. He likes the whole financial sector. (See Top Picks.) banks 0 0 0 0 0 0 comments	The whole banking sector is quite positive. The chart shows a little head and shoulders. If it can break above $32, it would probably run away pretty nicely. He likes the whole financial sector. (See Top Picks.) banks 0 0 0 0 0 0 comments Hap (Robert) Sn Chief Port, Castlemoore Inc.... Price $27.380 Owned Unknown
COMMENT	Canadian Western Bank(CWB-T) May 29, 2017 Compared to Oil prices over the last 5 years, you can see it is a big proxy. It is not a perfect correlation, but oil is a huge influence. CWB-T will be a range trader for the next 5 years. banks 0 0 0 0 0 0 comments	Compared to Oil prices over the last 5 years, you can see it is a big proxy. It is not a perfect correlation, but oil is a huge influence. CWB-T will be a range trader for the next 5 years. banks 0 0 0 0 0 0 comments Larry Berman CF Chief Inve, ETF Capital Manageme... Price $24.560 Owned Unknown
COMMENT	Canadian Western Bank(CWB-T) February 22, 2017 Has a long term Short on this. Looking back to the last downturn in 2008-2009, it took 17 quarters for them to get back to pre-recession provisioning levels. The current downturn in Alberta has been a lot longer and more protracted, so thinks the time horizon for provisions will probably be even longer than 17 quarters and doesn’t think the street is factoring that in. banks 0 0 0 0 0 0 comments	Has a long term Short on this. Looking back to the last downturn in 2008-2009, it took 17 quarters for them to get back to pre-recession provisioning levels. The current downturn in Alberta has been a lot longer and more protracted, so thinks the time horizon for provisions will probably be even longer than 17 quarters and doesn’t think the street is factoring that in. banks 0 0 0 0 0 0 comments Jerome Hass Portfolio , Lightwater Partners... Price $30.410 Owned Yes
WEAK BUY	Canadian Western Bank(CWB-T) February 16, 2017 (Market Call Minute) Completely exposed to the West. Its loan book is not as bad as people thought. It is not going out of business. banks 0 0 0 0 0 0 comments	(Market Call Minute) Completely exposed to the West. Its loan book is not as bad as people thought. It is not going out of business. banks 0 0 0 0 0 0 comments David Baskin President, Baskin Wealth Manage... Price $29.900 Owned Unknown

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