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

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TSX:CWB - Post Discussion

Canadian Western Bank > It was a great company

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Post by bubba9 on Aug 30, 2024 4:22pm

It was a great company

How sad what has happened to this company since the previous CEO left. Just sad.....

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Comment by mugs19 on Sep 03, 2024 12:32pm

Yes, selling the company for +100% SP. Moving the share price from ~25 bucks to 51 bucks - very sad. mugs

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Comment by DeanEdmonton on Sep 03, 2024 1:16pm

I agree with you mugs. This was NOT a great company and it traded at half its book value and a discount to the rest ofthe banks for a VERY good reason. It was not growing well and despite quality assets, returs were at best mediocre. It would have never got to this valuation under the old leadership. The buyout means the assets will be properly managed and will grow under the far superior ...more

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Comment by gassygeezer on Sep 20, 2024 1:48pm

I third that! Unfortunately many of the staff mgmnt are/were and maybe part of the new bank...not an option for me given past performance..i'll wait and see who gets promoted from within CWB

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Canadian Western Bank