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Bullboard - Stock Discussion Forum Canadian Western Bank T.CWB

Alternate Symbol(s):  CBWBF | CWESF | T.CWB.PR.B | T.CWB.PR.D

Canadian Western Bank is a diversified financial services company. It provides full-service business and personal banking, specialized financing, comprehensive wealth management offerings, and trust services. It offers specialty business banking services for small-and medium-sized companies with a focus on general commercial, equipment financing, construction financing, commercial real estate... see more

TSX:CWB - Post Discussion

Canadian Western Bank > I warned You NOT to Buy at $33
View:
Post by DeanEdmonton on Jun 03, 2022 11:49am

I warned You NOT to Buy at $33

Trading at a discount to its peers does NOT make it a super deal. There are very good reasons this trades at a discount, now they are doing a 5 million share issue, on outstanding shares of 91 million, or 5.5%, when most of the oeehr banks are buying back shares. They are doing this "At the Market Program" with no idication as to why they need to raise the money. Increasiing your share issuance is dilutive, and unless the money is being invested for accretive gain, it is even worse. Right now they are over all of the capital limits, so already have non-productive funds to deal with. The makes CWB a long ways from my first choice of a Canadian Bank to buy. Even Laurentian has moved above them on the list.
Comment by undervalue on Jun 03, 2022 1:10pm
It appears the prior (2021) at the market sales were at aproximate book. So,not dilutive to book. In the past 12 months, (i) an aggregate of 4,110,700 Common Shares have been issued pursuant to the Bank’s previous at-the-market common equity distribution program at a weighted average price of $36.01 per Common Share;
Comment by xuefengzhu on Jun 03, 2022 7:28pm
For whatever reason, this is no no
Comment by DeanEdmonton on Jul 17, 2022 4:30pm
Down to $24 and still trending down. This stock has a very good chance of getting to $22, and a better than even chance of getting to $20. Anyone thinking of buying into this so called "value play" needs to take a long hard look at the operating results over the past 5 years. Not a pretty picture.
Comment by BoohooIcry4U on Jul 18, 2022 5:02pm
Wow!!! Couldnt have made that bold prediction with any other bank! Thanks for reminding people of your genius! Hope you continue to come
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