Canadian Western Bank T.CWB

For All Holding CWB, I hope This Goes Through

[DeanEdmonton]

National's offer to buy at what is basically book vlaue is a very fair offer, and anyone holding the shares would have had to wait a very long time to see CWB share price hit +50 in the absence of the buyout. I really can't see any shareholder voting no, especially with both Boards recommending the sale. The Federal Govenment's reaction is a lot more uncertain, Natioanl having their head office in Montreal bodes well for this being approved, especially if the Fed see this as some sort of shafting the West at the same time. If Smith complains a lot, I think it helps the chances of this being approved, but it is really hard to preduict what that bunch of bandits in Ottawa are going to do on any given day.

Conratulations to all the folks holding CWB, especially if you bought them under $23. It is always great to get lucky every once and a while. GLTA.

[88guy88]

"bunch of bandits in Ottawa"....you are being to kind.....lol

[Nakate]

Yep them bandits will love this deal, probably a little squawking for show but the quebecer's and butt kissing vote hungry liberals need to make some points

[Red_Deer]

Hey DeanEdmonton__After YEARS of BASHING Canadian Western__You GOT NERVE  to NOW Post Your CONTRITE Commentary eh !!!!! BOTTOM LINE is That You WERE Always DEAD WRONG For ALL Those YEARS of Constantly BASHING CWB !!!! SoTIME to GO INTO the CORNER

[packerdriver]

It just NEVER ends, does it? So much for the ususal complaints that there's not enough competition in banking and the "big banks" are a problem... Or the usual complaints about Quebec and Ottawa shafting the west. When a Quebec bank takes over an Alberta bank it's quite alright all of a sudden if they waive a bunch of cash in front of investor's noses. You're afraid

[DeanEdmonton]

Paker - you really are dense. Where so you thing the Feds get the money to pay for things. Between 1968 and 2018, transfers, from only tax, and excluding all the Fed levies, GST and royalties on natural resources, from Alberta to the Federal coffers totalled more than $630 billion, working out to $3,700 per Albertan per year over this time period. Alberta currently pays about $20 BILLION a year

[packerdriver]

Newsflash: When you complain about paying too much tax you're complaining that you make too much money! The average income in Alberta has been higher than the Canadian average for a few decades now. ALL Candians pay federal income taxes at the very same rates. Provincial taxes vary greatly. Albertans pay the lowest fed.+prov. income taxes in the country. On100k of taxable income Albertans pay

[DeanEdmonton]

Paker - typical B.C. socialist attitude. Take money from people who work very hard, will move to places where the pay is better and do jobs that require great skill and a lot of sacrifices, and give it to those who sit on the wide butts and won't do what it takes to earn the same wages. The money I earn is mine, the Government does not have a right to take 50% of what I earn because they think

[packerdriver]

GAWD....are we going to have to hear about "hard working" Albertans...AGAIN?? As though they are the only Canadians that work hard?? Do they teach that yarn in grade school over there?? Yeah, I pay taxes like everybody else....and I sound way happier than you, that's for sure!

[SargeX]

Hey packman Totally agree with Dean on lazy,  left wing BC people especially on the coast (interior people are much better - hard working, etc. I grew up in BC but moved to AB in 1982 when I was 29. Best thing I ever did. Definitely proud of being an Albertan. Not so pleased about doing more than our share with our HUGE transfer payments. As an aside, I'd vote for separation in a milli

[national10]

Thanks to you all, needed a laugh today.  Thought I would share this.  I am from Alberta and moved to BC 30 years ago.  Best move I ever made as AB'rs are amazing navel gazers and complainers.  Yes, I still have family there and your comments are consistant with the AB whine. I pay taxes to ensure all Canadians get services they need.  Part of being a Good Canadian

[malx1]

Another school teacher pretending to be a tax expert.    Cute 

[Red_Deer]

Anyway, on the personal income taxes. You should check all your facts. I just did a taxtips test and a person with OAS of 8600, CPP of 10,500, and dividends of 50,000 pays total tax of $1935 in BC compared $2954 in AB. That's a whooping 52.7% more.   Ciao   Sarge Hey SARGEX__I Just RAN Your Numbers in My TAX SpreadSheet FOR BC EVERY YEAR My SpreadSheet Has Been DEAD ON to

[Red_Deer]

Hey SARGEX__You NEED to FOLLOW Your Own ADVICE__You should check all your facts. 

[roberto146]

Implied price NA = CWB 42/.45 = $93. Trading at $110. Implied Price CWB = NA 110*.45 = $49.5. Trading at $42. Shouldn't these numbers be closer aligned as an immediate market reaction? Why does NA have to raise $1B for a paper deal? ... Last period balance sheet (according to StockHouse anyway): Tangible Book Value CWB 4/24: $33. Tangible Book Value NA     4/24: $54.

[Mountainpose1]

I did the math as well and reached the same numbers. The correct strategy now is to sell naked puts on NA or buy calls if so inclined. The discount on CWB is known as "Political and environmental risk" . This deal won't close until 2025. Markets could crash, Liberal gov't could say no to the deal. Problems that were unknown are discovered etc. The discount is equal to what a call

[Yanner911]

Short NA and buy CWB.