crew321

The "DOPE-DUD" Phase For Canadian Banks?

"(earnings will be reduced by the dividends to be paid on the new shares)." Actually additional shares reduce earnings, dividends to not reduce earnings, eps includes dividends. Preferred Share dividends do reduce eps for common shares. This statement is unclear.

Larry notes that the Cdn banks have been put on pedastol, for concrete banks they have fallen substantially.

If Larry thinks Cdn banks share prices are going to start looking like Citigroup and Bank of America's share prices he is mistaken.

Housing Prices have fallen 10% versus 33% in the US. Cdn banks require minimum of 10% down in most instances. The average household has 30% plus equity in their home in Canada very different from the US.