This is the most troubled Canadian Bank, probably that this explains its massive drop in price. I think the current mess impact will be temporary and reversible for BMO (Not much dilution and no asset sale) so buying it right now could be a nice move to secure a fat yield at a ridiculous price.
Canadians bank, along with most stocks in general, have been on a nice run since February. But is it really sustainable? I believe the Bank of Montreal is in the same position many US banks were in last year...and a drop is in their near future.
This stock is currently trading about $10 off it's 52-week high. I'm betting it will soon be near it's 52-week low of $19.32. Time will tell.
Canadians bank, along with most stocks in general, have been on a nice run since February. But is it really sustainable? I believe the Bank of Montreal is in the same position many US banks were in last year...and a drop is in their near future.
This stock is currently trading about $10 off it's 52-week high. I'm betting it will soon be near it's 52-week low of $19.32. Time will tell.
This is the most troubled Canadian Bank, probably that this explains its massive drop in price. I think the current mess impact will be temporary and reversible for BMO (Not much dilution and no asset sale) so buying it right now could be a nice move to secure a fat yield at a ridiculous price.
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This stock is currently trading about $10 off it's 52-week high. I'm betting it will soon be near it's 52-week low of $19.32. Time will tell.
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