June 4, 2015 Canadian Western Bank update

The report for Canadian Western Bank Group is updated and the stock is rated Strong Buy a $28.27. The Q2 report showed continued good growth and only a minimal increase in bad loans. The market remains worried about the low oil prices and potential recession and bad loans. The shares are already down significantly (35%)  from the 52 week high of $43.30. While there are never any guarantees, I am very comfortable holding these shares and expect them to provide an excellent return over the next several years.

The Canadian Western Bank rate reset preferred shares are also worth considering for a yield investment.

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