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Non-Tech : Canadian vs. US Banks--Better PE and rising C$

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To: Dave.S who wrote (100)6/6/1997 3:49:00 AM
From: marcos   of 230
 
Haven't had time to look at it close, Dave, I don't follow CM close, I was just posting about it because thebeach was interested.....The market was clearly underwhelmed, though, eh?......thebeach got me thinking about CM, though, and I figured out that I can't sell it anyway without big taxes, as what I'm hanging onto now was picked up after the O+Y dip, at 13 bucks and change after adjusting for the split, and there's a great return coming on that in dividends......There's a lot to said for the buy-and-hold approach, imho, especially when you get a small break on dividend income....

Maybe I should review that Buy at 32, though, eh?....Lots of time.....It's a good time to keep some cash, I think, there's nothing more frustrating than to see a dip come and have nothing but margin to spend.........
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