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 > volume low

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Post by deisman03 on Sep 26, 2023 5:05pm

volume low

Don't grasp at straws with this one right now.

Low volume this close to ex dist day is NORMAL.

People hang on, often losing twice as much as the distribution they collected in the process.

I'm not saying this is a death knell, far from it.

Be nimble and do your math/due diligence. If you have a broker doing the trading for you, get on their case.

GLTA the good folks here.

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Comment by kurtwalter on Sep 27, 2023 10:42am

So what are you suggesting? Selling at a dip? Buying at a dip?

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Comment by marketsense on Sep 27, 2023 12:53pm

Look, its obvious financials are taking a beating and are out of favor. So the question is do you avoid them or see it as an opportunity? I tend to look at it more as a buying opportunity. We are talking banks here and from my recollection every time they have gone on sale due to any number of reasons the main one being recession, they have managed to roar back a ...more

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Canadian Banc Corp