Post by
undervalue on Jul 11, 2023 5:40pm
LB going on sale.
The price to book outcome will be interesting.
This is going to put a floor under CWB.
Book is $34 a share. Short covering here we come.
A Laurentian takeover could also put pressure on other small rivals, such as Edmonton-based Canadian Western Bank, to consider selling themselves.
Comment by
bubba9 on Jul 18, 2023 12:57am
CWB is a predominately commercial lender in a high rate environment. They have value in some of their pieces but not as a whole. Their last forward guidance is very telling of where they think they are heading.
Comment by
cupricity on Jul 21, 2023 2:06pm
On the other side of this coin is the fact many assets have gone up in value significantly making loans safer. This is very true of industrial machinery.
Comment by
bubba9 on Jul 29, 2023 10:01am
Have never had a problem with the quality of loans they write. Actually just the opposite. But, their biggest claim to fame is the fact that they grow in excess of 10% yearly. With these high rates that probably ain't gonna happen. CWB is a very solid lender on a solid base. But growth is a concern .