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The Bank of Nova Scotia Message Board

  • use.caution use.caution Jun 20, 2013 12:56 PM Flag

    what a beating

    cut me mick !

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    • I don't see what constitutes a "beating", particularly when you count the dividends paid out since the last share price peak back in Feb. '13 (better yet on a DRIP with discount at lower market cost).

      Recent share issuance was less than a year ago at $50 Canadian per share, so a couple dividends on top of $8+ per share in that timeframe equates to about a 20% return in a very short relative period of time.

      I don't think that you're allowing for currency fluctuations, either (C$ vs. US$). P/E looks reasonable, just need earnings in line. August numbers will paint a clearer picture. I think you might even see a dividend increase with the upcoming numbers.

      JMHO, of course.

49.67May 25 4:03 PMEDT