CBWBF - Ongoing Growth At A Price From Canadian Western Bank
Edmonton’s Canadian Western Bank (OTCPK:CBWBF) (CWB.TO) continues to execute on several of its primary growth drivers, including generating attractive commercial loan growth, building the Optimum alternative mortgage business, and continuing an ongoing shift away from a heavy legacy exposure to energy and energy-reliant markets. While the bank does have a good growth outlook, some of the concerns I had about valuation and near-term headwinds have had an impact on the share price, which is down a bit (in Canadian dollars) since my last write-up late in 2017.
If Canadian Western were