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Thread: Canadian western Bank shares soar after latest Deal

  1. #1
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    Default Canadian western Bank shares soar after latest Deal

    Early Friday, the bank announced an agreement to acquire GE Capital’s Canadian franchise finance business. GE’s business unit, which has a loan portfolio of about $350 million, provides financing across Canada to a diverse group of established companies in the hospitality and restaurant industries.
    http://edmontonjournal.com/business/...55357;�
    Last edited by Glenco; 09-04-2016 at 09:40 PM.
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  2. #2
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    “You have to dream big. If we want to be a little city, we dream small. If we want to be a big city, we dream big, and this is a big idea.” - Mayor Stephen Mandel, 02/22/2012

  3. #3
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    CWB's common shares have increased their dividends annually for over twenty years.

    http://www.cwb.com/investor-relation...er-information
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  4. #4

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    So are the desperate to diversify outside of western Canada, especially Alberta?

  5. #5
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    Quote Originally Posted by KC View Post
    So are the desperate to diversify outside of western Canada, especially Alberta?
    Absolutely, as are any Alberta based companies. More diversification will help Edmonton, and Alberta, in terms of jobs. This would also be a good move for shareholders, as this should help sustain dividend growth.
    The world is full of kings and queens, who blind your eyes then steal your dreams.
    It's heaven and hell!

  6. #6

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    Smart geographic diversification will help, but it's easy to do wrong too.

    I think the stock market has it right in this case though. A tidy, synergistic strategic move here, at a scale that matters to the company.
    Let's make Edmonton better.

  7. #7

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    I wouldn't say desperate; I would classified this as " broadening the horizons " like all the other corporates around the world.

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