October 12, 2022

On Wednesday, the S&P 500 slipped another 0.3% and Toronto was down 0.1%.

Linamar was down 2.2% after it announced weaker market conditions.

Thursday’s focus will be on the U.S. CPI data. 

I have not heard much news about Q3 earnings. Many companies will be reporting Q3 earnings in the next couple of weeks.

With Canadian Western Bank’s shares sown so low I took a look at insider trading adn see that there has not been much activity. But notably one insider bought 5000 shares in June and another 5000 in September. It’s trading at about 65% of book value and 6 times trailing earnings. That seems remarkably cheap. 

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