Mr. T Boone Pickens is long oil, if he were short oil, he would be telling a different tale.
Heavy commercial exposure to oil field financing and heavy exposure to personal financing for oil field workers, discouraging general outlook for Canada's economy in light of falling commodity and oil prices. The bank seems to be doing everything OK but hard to make money in the current economy.
Whether they are making money or not, they cannot stop. They will continue until someone puts them out of their misery :).
The debt they hold is mostly agency stuff and is not subject to credit risk. That doesn't mean that this is a good investment, just that they do not own any bad debt.
There is no evidence that there is an investigation underway. Please show the math that gets you to your fair value calculation. Thanks.
The book value is shown at $4.61. That doesn't mean this is a good investment, just that the book value is $4.61.
You have done better than most with this stock. But even though you played it perfect you made no money. Think about it.............. when you play it perfect you should make a boatload.