Canadian Western Bank is updated and rated (lower) Buy at $37.77. This is probably still a good long-term investment. But I am not excited by it at the moment as it is not longer clear that it is bargain priced. For more information, as always, refer to the full report.
I have removed the Canadian Western Bank preferred shares from the list above. They trade at $25.60 and are likely to be redeemed in April at $25. That is exactly why I have rated those pref. shares a “sell” over he past several years. They are down almost 5% this year, largely offsetting the dividend. The net return was still positive, so they were not a horrible investment, just not a good investment in the past couple of years.