TSX:PWCPRB - Post by User
Post by
tori94on May 24, 2004 6:52pm
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Post# 7525038
Outstanding Earnings
Outstanding Earnings...............must be on the way....check out the action over the past couple of days.........everything's falling into line.
One year from now this stock'll be worth $18 - $20 .
It doubled last year and it's going to double again this year.
Everything this company has said it's going to do it's done.
There is absolutely no down side here. This is one bank that has no bad debt, due to it's policy of lending only to gov't and institutions as well as blue chip clients. Since it has no retail banks, it's overhead is next to nothing, compared to the big guys.
As the ninth largest bank in Canada, Pacific and Western Bank of Canada has created a niche. The only thing stopping it from growing more quickly is getting money in fast enough to lend it out. With it's asset base on the rise, due to an increase in allowable multiple base from 12.5 X assets to 15 X assets, earnings will just continue to grow at a steady yet rapid pace.
If you're looking for a safe place to be, look no more. Buy !
........Not a pumper......just a believer.......in since $3.50.
T94