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Canadian Western Bank
Symbol: CWB-T
Active: Y
Sector: banks
Last Price: 13.880
Last Price Date: 2009-01-06 22:43:18
Globe 200 day average
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Experts that have talked about Canadian Western Bank

DON'T BUY11.300Bill MacLachlanHas had a very difficult time. Their focus is primarily in the west and primarily in the resource area. 2008-12-11
DON'T BUY18.530Paul Harris, CFAAlways had a higher multiple and traded at a premium to other Canadian banks. Had very good growth and stayed away from bad investments. Prefers Royal (RY-T) and Toronto Dominion (TD-T), at much lower multiples. 2008-11-05
Comment18.440Michael SmedleyThis was a relatively late one amongst the banks to get moving down. There are better places to go.2008-10-31
DON'T BUY21.800David DriscollPerformance has been very good over the years. Earnings are starting to slow because of the economic environment they are in. He is not buying any Canadian banks because the price to cash flow multiple are twice as high as any other banks globally.2008-09-16
DON'T BUY21.850Brian Acker, CA(Market Call Minute.) No real value in the banks. His model price is $22.53. 5% upside is not worth it.2008-09-11
HOLD21.650Norman LevineWas a star performer and is still doing relatively well. Grew with the commodity boom. Very well run. A little vulnerable as commodities have started to weaken. Fabulous bank.2008-09-05
WATCH24.990David BurrowsOf all the banks in Canada, it probably has the best market area. No exposure to derivatives. Dragged down by the sector as a whole. If you have concerns about energy, this one will be impacted. Would like to see a trade above $27 before he bought.2008-08-05
BUY24.160Greg A. Taylor, CFA, BBAHas been disappointed in the performance as it is not exposed to US housing and does not have asset backed commercial paper as well as being in the fastest growing part of Canada. Small caps seem to have dramatically lagged the large caps.2008-07-22
HOLD23.980Bill MacLachlanReally likes this bank. There is exposure to the energy sector, which is boom and bust. Underneath that story there is a larger story of huge demographic growth in Western Canada.2008-07-17
Comment26.500Bruce CampbellVery well managed. Hugely exposed to the Alberta economy. Was trading at a huge unsustainable premium and has given most of this back. Good long-term hold. When it breaks above the 200-day moving average, which might be a good entry point.2008-05-26
VAGUE25.760David BurrowsA great play on economic strength in western Canada. Not inexpensive, probably the most expensive in Canada. They’re had tremendous growth. You’re fighting the tide with the financials. 2008-03-31
BUY22.840David BurrowsHeld on longer then almost any other bank. If you are looking for a bounce play in the banks, this is one of them, although it doesn't fit him.2008-03-19
BUY22.880Michael SmedleyThis is his largest position in banks. This is different as it is Western and into commercial lending. The market is tightening up for it a bit though because of general financial conditions.2008-03-13
DON'T BUY22.750Kenneth P. Norquay, CMTWent sideways for a while and has now just cratered. To play it, you need to wait for a reversal.2008-03-11
HOLD28.660Norman LevineOf all the Canadian banks, it is immune from what is going on. Doesn't have any bad loans or own any of the bad paper. Concentrated in the highest growth part of the country. Trades at a high multiple, but has the best growth profile of all the banks. Probably the highest quality earnings.2008-02-26
DON'T BUY29.100Brian Acker, CAFar too well run to be mispriced. His model price is $25.37, a negative differential of 13%.2008-02-07
DON'T BUY27.120David BurrowsVery difficult environment for financials that will continue for some time. He would avoid all financials. If he had to buy a bank, this would be his preference.2008-01-18
DON'T BUY31.060Ross HealyThe only way that he can justify the current price is if someone wants to take the bank over. Trading quite in excess of its FMV. Also trading up against a resistant point that he would have thought would have been quite stiff to get through, but it did go through, but without a lot of support.2007-12-20
DON'T BUY30.360Michael SprungHas been performing extremely well lately. It is over 3X book value right now. With earnings of $1.80 this year on a book value of about $10 (18%) it is a little bit expensive.2007-12-10
BUY26.190Fred KetchenThe smallest of the Canadian banks. Will be reporting next week. Was profitable last quarter. Good growth and pays a dividend.2007-11-27
BUY28.400Norman LevineThe Canadian “growth” bank. It's all in the West where all the major growth is. A “little” worried that Alberta's growth could slow because of a change in the royalties. Could hurt them, but in the long term, you can't beat this one.2007-11-09
HOLD29.180Robert FloydBenefiting from the development out west. Has shown significant growth.2007-10-12
DON'T BUY28.140Norman LevineThis bank is in a world of its own. Within $1 of its all-time high. This is Canada's growth bank. Has no commercial paper. Too expensive for him.2007-09-11
BUY27.850Michael SmedleyThe best bank out there. No short-term paper and whatever it has seems to be fairly clean. Tremendous growth. Beautifully managed. Multiple is high at 20.4.2007-09-10
BUY25.340Greg A. Taylor, CFA, BBAOne of the good growth banks. Always looked expensive comparing it to other banks, but a lot of that is due to its tremendous growth rate. Should be less exposed to some of the other problems that Canadian banks have.2007-08-20
BUY29.000Brendan CaldwellVery much likes the 2nd tier of financials. This has been a wonderful growth story. Expects it will continue to do well. At some point, it will probably get taken over.2007-07-24
BUY29.000Ian NakamotoYou have to like what is going on in western Canada. Prudent managers.2007-07-24
BUY28.310Lesley MarksLikes the growth outlook in Alberta and B.C. More commercially based type loans.2007-06-26
DON'T BUY28.160Brian Acker, CAHe has a model price of $27.85, a 3% negative differential. He ranks banks as National Bank with 33% upside, Bank of Montreal and Royal with 15%, Bank of Nova Scotia 12% and Commerce and TD are right on the model price.2007-06-21
DON'T BUY28.550John Zechner1.62% dividend, which is not very high for a bank. Valuation is a little bit high.2007-06-18
BUY25.900Norman LevineOnly in western Canada, which has been the right place to be. Best profit growth but also the most expensive because of that. Has been going sideways and may continue until fundamentals and stock price get more in line. Probably a takeover candidate at some point.2007-05-30
BUY on WEAKNESS23.710Michael SprungThey are in the hot sector of the economy. Profitability has been going up. Watching this closely.2007-04-27
Comment23.750Richard CroftDoesn't think interest rates are going up, so he likes the banking sector. This bank does not enjoy the diversity that the major banks do.2007-04-26
BUY24.340Gavin GrahamAlberta and B.C. economies should continue strong. Yield is not as strong as other banks, but this is a growth story.2007-04-23
DON'T BUY25.640Stephen CarlinStruggles with paying 20 X earnings for a regional bank. Nothing wrong with it, it's just that you’re paying for a lot of the upside from here.2007-04-05
HOLD25.600Ian NakamotoThis is really a play on the western Canadian economy. Likes the niche they are in.2007-03-29
BUY25.250Norman LevineThis is Canada's growth bank. Located exclusively in western Canada. Specializes primarily in commercial and wholesale banking, as opposed to retail banking, which has kept its costs down.2007-03-28
BUY25.620Michael SmedleyA brilliant, commercial, growing bank. Still in its early growth stage.2007-03-23
BUY25.720Neil WickhamLikes the banks in general. Because this one is based in the West where economies are stronger, it could do better than some of the others on average. A well-run bank.2007-03-20
BUY23.990Gavin GrahamDependent on Western Canada. Has been coming off in the last few months. One of the best managed banks. Excellent longer-term prospect.2007-03-06
Comment24.760Michael DecterIn the right part of Canada in terms of growth. Canadian chartered banks are very hard to compete against and this is where he would prefer to be.2007-02-26
BUY24.750Michael SmedleyCould be a double in 5 years. It's good to be out of the major banks and you don't have much choice. This is your best.2007-02-22
BUY24.740Patrick KimHas been a great performer and has benefited greatly from the growth in the economy in Alberta. Pretty lofty multiple at 20 X’s, but is just reflective of the hot pace of growth.2007-02-22
BUY on WEAKNESS24.500Norman LevineThis has been the growth bank in Canada. Very tied in to the oil/gas cycle. Has had a great run and now there is some softening. Look for a lower price before buying.2007-02-12
BUY24.200Chris SmithHas become a little bit of a proxy for the oil/gas market, so when oil/gas started to roll over, this one got hit at the same time. Always looks expensive relative to the rest of the Canadian banks. Trades at a higher multiple and doesn't pay as high a dividend.2007-02-07
BUY25.220Michael SprungSituated in the prime growth area of Canada and have done very well. Will continue to gain market share in the West and expand.2007-01-29
HOLD25.350Norman LevineBased and does most of its business in Western Canada. In the right place at the right time. If you are a growth-oriented investor, he would continue to hold.2007-01-09
BUY46.850Norman LevineOf all the Schedule A banks, it is the growth bank. The smallest of them, but the fastest growing. Located in the best area for growth, western Canada. Lowest yield and lowest payout ratio.2006-12-05
DON'T BUY44.850Bruce CampbellReally well managed. Used to trade at a fairly large discount, but now trades at a premium. Trading at 22 X earnings which is too expensive for him.2006-08-25
WEAK BUY44.740Paul Harris, CFAA great bank and well run. It trades at one of the highest multiples of the major banks. Also has the lowest yield. They should continue to do well. Would prefer other banks.2006-08-22
DON'T BUY42.000Paul Harris, CFAIt should continue to do well because of the booming economy in the west. From a dividend payout and a multiple, it is one of the most expensive banks in Canada.2006-04-18
DON'T BUY37.870James Cole, BA, CFAThe positive is that it is based in western Canada which has the highest rate of economic growth. The environment in which they are operating is very good. However, the valuation is very high for a bank.2006-01-17
SELL37.670Robert FloydHas done very well. Looking at rising rates which would be a concern. Watch it closely. Would be a seller more than a buyer at this point.2005-09-29
DON'T BUY38.100James Cole, BA, CFAThe company and stock price has done fabulously well. There is no end in sight to the boom in Alberta. Expect they might lower corporate tax rates down the road. Trading at 18/19 X earnings which is expensive to him.2005-09-22
HOLD39.850Paul Harris, CFAHas been a great performer. Not as cheap relative to the other banks as it is very regionalized. Should continue to do well as their area should do well because of all the oil.2005-09-19
HOLD29.430Norman LevineWestern Canada is showing much better growth than the rest of Canada so this is good for this bank. Entering the sub-prime mortgage market which Home Capital (HCG-T) has had pretty much to itself. It is also a take over target for one of the other banks.2005-07-12
DON'T BUY27.500Ross HealyIn the aggregate, banks have done very little this year. They are all trading at 55 year valuation highs. There's no fair market valuation support for them to go much higher.2005-06-16
BUY27.570Michael SmedleyHis favourite in the banking sector. A beautiful operator. Has been doing extremely well for quite some time now.2005-05-25
VAGUE26.900Bruce CampbellIn the smaller banks, prefers Canadian Western (CWB-T) over Laurentian (LB-T) as it has better numbers. Not particularily cheap at the moment, but longer term it would be his choice.2005-05-16
BUY27.600Laura WallaceCanadian banks continue to offer good value on a medium time frame. If we were to see a rapid ratcheting up of interest rates, they would be vulnerable, but this is not expected. The banks offer reasonable value here.2005-05-02
BUY26.600Paul Harris, CFAGreat bank. 79% of their revenue comes from the loan book. Very efficient bank. Very low dividend yield. Lots of capital and are probably saving that to do an acquisition. Would prefer if they increased the dividend or buy back shares.2005-04-22
DON'T BUY25.510Ross HealyDoesn't like the banks. They have just come off 52 week highs. Historically they always give you a chance to buy at some point and he is going to wait with his hands open at prices he is willing to pay. Wait until they get ugly.2005-04-07
HOLD25.730Bruce CampbellLikes it. Good management. Getting fully valued. Will be a beneficiary of any higher rates the way their loan book is set up.2005-02-16
DON'T BUY25.810Paul Harris, CFAA great bank, but it's expensive. Has a low yield relative to the rest of the companies.2005-01-24
BUY25.090Eric BushellBased in Alberta which is growing like a weed, so the quality of their loan book and their lending growth opportunities are both excellent.2005-01-06
BUY25.800Norman LevineThe smallest bank out there, but probably the one with the most growth. Will probably be taken over by one of the majors. 2005-01-05
BUY46.140Mark Jackson, CFAWestern economy has been booming and the bank has had a good year. Very illiquid and difficult to own from an institutional basis. A very good, solid, well run company for the retail investor.2004-12-07
WEAK BUY45.150Gordon Higgins, CA, MBA, CFAVery thinly traded. Like the other banks, it's cheap, a good multiple point cheaper, but doesn't have the same growth profile and diversification. Probably not a takeover candidate. Prefers the bigger banks.2004-12-02
TOP PICK46.200Chris Lowe, BA, MBAStrong management. Took over a direct insurance business last April. Also acquired a trust. Changing from an interest driven business.2004-11-12
BUY47.800Matt BailliePrefers over Laurentian.2004-10-22
HOLD41.400Brian Acker, CASelling at about 13 1/2 X earnings. Has lagged the other Banks but is fully valued. Model priced is about $44.30.2004-07-30
PAST TOP PICK38.800Michael Smedley(A top pick Mar 8/04. Down 5.7%.) Still likes. A very strong situation. Investors should take advantage of any dips.2004-05-12
TOP PICK43.200Michael SmedleyMight be acquired down the road. A high quality operation.2004-03-23
BUY39.700David BurrowsHas been a very steady performer in a volatile market.2003-11-03
BUY38.850David BurrowsHas been a very strong performer.2003-10-21
BUY29.360Gavin GrahamCould be a takeover. Well run.2003-04-29
BUY27.550Bruce CampbellGreat fundamentals and management. A possible takeover candidate.2003-04-02
BUY27.200Gavin GrahamCould be a takeout. Doing quitw well.2002-05-01
WATCH25.850Brendan CaldwellIf amalgamations are OK'd, this and National will profit more than the larger banks, but still prefers big banks.2001-01-26

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