RE:I warned You NOT to Buy at $33Down to $24 and still trending down. This stock has a very good chance of getting to $22, and a better than even chance of getting to $20. Anyone thinking of buying into this so called "value play" needs to take a long hard look at the operating results over the past 5 years. Not a pretty picture.
DeanEdmonton wrote: Trading at a discount to its peers does NOT make it a super deal. There are very good reasons this trades at a discount, now they are doing a 5 million share issue, on outstanding shares of 91 million, or 5.5%, when most of the oeehr banks are buying back shares. They are doing this "At the Market Program" with no idication as to why they need to raise the money. Increasiing your share issuance is dilutive, and unless the money is being invested for accretive gain, it is even worse. Right now they are over all of the capital limits, so already have non-productive funds to deal with. The makes CWB a long ways from my first choice of a Canadian Bank to buy. Even Laurentian has moved above them on the list.