Bank of Nova Scotia T.BNS

BNS OFF $4.11 to $67.42 Well at Least the Dividend is Better

[DeanEdmonton]

Guys that liked the dividend % yield at $80 will love it here. So for everyone that followed the revert to mean, Dog of the Dow, buy the one trading at a large discount to its peers, even if it has been doing that for years method, are you thinking it may be time to consider a new strategy. My view, I buy the best one or two run companies in any industry. Over time they will always outperform. Same applies to banking.

No idea what RY and TD will post for results but I am willing to say that my opinion is, it is going to be a lot better than this. Unfortunately for the new CEO, this is only the beginning of the bad news that is going to roll out over the next 12 months for BNS.

[swpb]

Scott Thompson is going to come up smelling like a rose in a year. Rock bottom stock price and no matter what he does, just a little tweak to the business model combined with a general market improvement will make him look like a genious, and, of course he will get a $50million bonus. haha

[DeanEdmonton]

For those holding BNS I truly do hope you are right, however, to me the comparison will be % improvment in share price versus its peers. I am also not convinced they have swept the closest clean yet, more due to the change in direction, than inherited issues. One of BNS's long standing problems is they can't stay on a strategy for long enough for it to pay off. There is a lot of disruption

[YupnDump]

the dividend means doodle lee squat for current shareholders and over the year does not cover  today's BIG DROP. and l was thinking of RBC a year ago.. what a mistake. could kick myself in the head on this one.