RE:RE:RE:This Quarters Results.
DE, Just looking at stock perfomance. CWB is clearly worse than its peers. For a turnaround play, I'm looking at the relative ability for the company to survive a downturn ahead. I think it should be okay in that regard. Do you think there is serious chance it can go under?
The fact that is it trades only in the TSE, whereas the banks trade in the NYSE as well, is a good thing as it is more possible for it to be priced incorrectly.
I read reports about how it's so awful that CWB has relatively low exposure to the mortgage loans. I thought wow, that's awesome. Mortgage loans are very dicey at moment as apparently 50% of mortgage are variable rate (if the article I read was telling the truth). Commercial and industrial loans are deemed to be more risky. Perhaps generally, yes, but in this environment, it's a questionable premise.