Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : CIBC tse/cm -- Ignore unavailable to you. Want to Upgrade?

To: mary bart who wrote (130)	5/14/1999 12:35:00 PM
From: SofaSpud	Read Replies (1) \| Respond to of 147

CIBC trades at a discount to its peers. Earnings have tended to be more volatile than the others, give a greater reliance on capital markets. That, of course, cuts both ways -- in '97 it was a very good thing; in '98 it wasn't so good. The new CEO is making the right noises about making earnings more predictable, reducing volatility. The Oppenheimer acquisition could turn out to be for CIBC what Waterhouse was to TD, so it's potentially a very strong positive. I don't claim any great insights as to how good an investment this is. Will the discount go away? If so, then you'll make a nice return. I'm into TD as well, so I've got stuff at both ends -- TD trading at a premium to the group. My instinct is to be a value player, and move more into CIBC in the hope that management proves worthy of a market multiple (or better). But the market over the last few years has stayed with winners; TD is something of a momentum play. Bottom line -- beats me!

To: mary bart who wrote (130)	5/14/1999 3:49:00 PM
From: Montana Wildhack	Respond to of 147

Hi Mary, CIBC had a slow quarter a little while ago, and just got a new CEO who is more of a risk taker. One of those rewards is the part ownership and $4billion unrealized gain in Global Crossing. Overall banks in Canada pay a good dividend, but may not be as exciting as some. General consensus on CIBC is $42 or so in a year. TD bank has some internet interests and has been doing better than others. If your thinking Nortel, you might go directly to BCE who own over 40% of Nortel (among other good companies). It has a nice portfolio, is world class in size and pays a good dividend. All dividends are in Canadian funds of course. Riskier you might look at ATI Technologies targeted into the low $30's in a year and Bombardier who makes Planes and Trains and things and have a great steady performance but are a little boring. Pull up 5 year charts on all this: CIBC CM TSE (Toronto Stock Exchange) Bombardier BBD.B TSE ATI Technologies ATY TSE (ATYT NASDAQ) TD Bank I believe is TD on TSE BCE on TSE I recommend using Yahoo charts. Type in CM.TO to get the CIBC listing, ATY.to etc. If you want my favourite pick at the moment its DMX on the TSE. Dimethaid Research. Good luck.