Ashleigh Rogers
Long/short equity, growth at reasonable price, value, banks

Canadian Imperial Bank Of Commerce Looks Cheap

Most of the news out of Canada in the last few months has been at best mediocre. The country's mining industry has been hit hard by the cyclical slowdown in demand for many industrial metals, and the precious metals mining stocks cannot catch a break despite metal prices that a decade ago would have looked pretty good. Add to this an increasingly dysfunctional relationship between the US and Canada due to US-intransigence over Trans Canada's (NYSE:TRP) Keystone pipeline and a pretty weak Canadian consumer and housing market, and it's not surprising that investors are showing limited enthusiasm for the country's stock market. Despite all this, there is one Canadian bank that I really like as an investment -...

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