07-26-2015, 02:49 PM
I recently did quite a bit research on this and it was a tough choice. I liked several of them but ended up buying myself a few shares of Canadian International Bank Of Commerce. The price has declined a tiny bit since then and I'm going to put another buy order in tomorrow.. probably putting it a bit lower than what it's trading at tomorrow and hoping it will hit at some point during the week while I'm gone.
The Canadian economy in general looks a bit dodgy right now but the banks still look really stable so I think there are certainly some good buying opportunities. Low P/E ratios, growing EPS and dividend and a good starting yield. When you couple that with conservative management I think they are a pretty damn safe bet if you have a long time frame.
The Canadian economy in general looks a bit dodgy right now but the banks still look really stable so I think there are certainly some good buying opportunities. Low P/E ratios, growing EPS and dividend and a good starting yield. When you couple that with conservative management I think they are a pretty damn safe bet if you have a long time frame.