10-05-2017, 10:26 AM
(10-05-2017, 08:51 AM)Binary Wrote: Canadian Imperial Bank of Commerce looks quite good now! Any comments, thoughts?
It has it's risks, such as the overheated real estate market in canada as well as the large exposure to oil through the loans that they have handed out to the oil companies, and as such it's naturally trading at a lower valuation compared to it's peers. A very damn attractive valuation btw. Apart from those risks, it's a great company with a lovely history of growth and things have just been getting better in recent years. I'm a shareholder and I love it, in fact CIBC is one of my largest holdings currently.
It has once again breached the 110 CAD level so I feel like saying that it's quite possible that you can get it cheaper. I'm pretty sure most of my purchases this year have been around 108 CAD, some a big higher some a bit lower. But then again, a couple of percentages makes very little difference in the long run so if you feel like buying then might as well start now.