September 18, 2017

On Monday, the S&P 500 was up 0.1% and Toronto was up 0.5%.

Canadian Western Bank was up 1.9% to $31.80. That is an increase of 25% since I rated it a Strong Buy on June 3. On the other hand it remains below the prices of around $40 and in the mid to high $30’s where I thought it was a good investment in the fall of 2014. It did not turn out to be a good investment at all that fall. But I mitigated the damage by buying on dips since that time.

AutoCanada was up 5.3% today to $23.08. This is another company that turned out not to be a good investment at the $40.36 price when it was added to the site on July 14, 2015. But it is now up from its lows and I believe that it will ultimately turn out to be a good investment especially for purchases near the lows and probably at the current price as well.

CRH Medical was down 8.6% on Toronto. That is disappointing but may ultimately turn out to extend the opportunity to buy near the lows. It appears to remain a good company that should be a good investment at these prices.