Bullboard - Stock Discussion Forum Canadian Banc Corp T.BK

Alternate Symbol(s): CNDCF | T.BK.PR.A

The Companys investment objectives are (i) to provide holders of Preferred Shares with cumulative preferential floating rate monthly cash dividends at a rate per annum equal to the Prime Rate plus 0.75%, with a minimum annual rate of 5.0% and a maximum annual rate of 7.0% (ii) to provide holders of Class A Shares with regular floating rate monthly cash distributions targeted to be at a rate per... see more

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TSX:BK - Post Discussion

Canadian Banc Corp > Morningstar assessment of BK, today.

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Post by kurtwalter on Feb 15, 2022 12:41pm

Morningstar assessment of BK, today.

Fair Value 18.81 Last Close 15.71 BK is Under Valued at a 17% discount.

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Comment by EdPaquette on Feb 16, 2022 7:15am

FAIR VALUE 18.81...This is the biggest news in the last 24 hours even with all the overnight offering chatter.

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Comment by navgod on Feb 16, 2022 10:48am

Am a long time fan of BK it has historically been under valued vs NAV so enjoyed its recent climb. However in my opinion the Moringstar analysis is completely bogus. I remember taking to them concerning a splitshare I was short a few years ago and the only explaination I got was the equivalent of "this is wwhat our program says" . They are completely useless for evaluating spitshares. I ...more

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Canadian Banc Corp