Post by
ScarletSpider on May 31, 2024 1:32pm
Earnings Per Share Should Not Be Less Than 10.25
Which is from what i saw in the $67s. Less than this people are getting fleeced or getting a good discount of a dollar plus per share. I think Royal Bank will be out by $2 plus on their $69 target i still see $71 to $73. I think in $69 the eps was 10.4 when i was seeing it so it is trading top end and why i strongly say what i do about 67 if 10.25 as i think i saw. If Cibc does miss earnings while sitting at 10.25 it will likely hit where it stupidly was prior to the quarterly around $64 possibly $63. If it hits $71 plus so a $4 split either side makes sense. Right now too much weighting lower end which really it should not be. For at least 3 consecutive quarters Cibc has beat projections really should be trading $67 and if anyyhing plus to $68 not the other way with the happy meadian at where it is 10.25 price to earnings. Trading unjustly down. Bad for people who want to see proper share value great for people manipulating shares down and getting cheap just as they did going into all the earnings where those who reveal themselves said like the one poster overbought and rollover.. indeed. I find it very hard to believe people buying bank stocks will be naive. If people buy at the recommendation of a wealth planner they will tell people to hold longer term dont worry about ups and down keep collecting divie thsts if people have money and faith. The rest i see people trading and managing their shares in whichever way possible perhaps shorting as well. Bottom line i know we are all experienced enough with stocks for me to say the prices being unjustly held back are due to games people play to get cheaper shares especially after three consecutive quarters of very solid financials. The liklihood not to reach 70s is quite low so i would not give people shares as people seem to continue to do so through clear manipulations dow .