Value ?Hmmm tough call.Cibc under performed for years with their mutual funds until about 95 when they finaly got the message and got some new fund managers. Funny thing is their price went up afterwards and I remember good press regarding the changes ( I think G Paite even complimented CIBC at the time but am not positive ) but the Canadian banks where getting alot of press as well.
When a customer leaves a service because he is upset he usualy takes 17 other customers with him.This is an old number and may move up or down based on the type of company.So if you are really interested in future value it may be a simple case of finding out if the customer base is increasing or decreasing at CIBC.
Any body know if the bank customers are up or down
BAM