Bank of Nova Scotia T.BNS

Still Not Buying BNS

[DeanEdmonton]

With TD and RBC at such good prices I really don't see the attraction to buying the laggard of the big six. I got out of the banks in Feb/March this year, and have since bought back over full positions in RBC and TD but I will wait and see what this new CEO does before getting back into this stock.

[Karl63]

Most buyers are just looking at the dividend and figure it's a safe bet because "it's a Canadian Bank".  If they looked at a chart of the 10 year price performance vs. other banks they would realize that BNS has failed miserably in total return.  Mix in a challenging situation in Latin America and a serious leadership void and they would likely question their decisions.

[newcoin]

I own all the Canadian Banks and consider this to be a great opportunity. $4.12 dividend on 1k shares. I'm in.

[DeanEdmonton]

Spot on Karl. An extra .75% in dividend yield comes no where close to making up for the miserable share price performance. It is why I don''t buy sector ETFs. I want to own the one or two very best run companies in any industry, not the rest of the also rans.

[CamelHurder]

MY older sister has Scotia bank at her Mall---i told her BNS likes to lend money to South Americans, and other high risk countrys

[Tonyde]

As Karl63 stated, the 10 year chart doesn't look so pretty compared to the other five. That was the reason I shaved off my position earlier this year. Maybe once it gets in the mid 50's, I might look into adding to my position!