Seeking Alpha: Still Waiting For A Little More Value At Canadian Western Bank

The last six months have gone more or less as I expected at Canadian Western Bank (OTCPK:CBWBF). I thought the valuation was a little steep last time around, and while the shares haven't done horribly (up about 4% before dividends), they've lagged other Canadian banks and significantly lagged the broader Canadian market. Unfortunately the story remains the same - I say "unfortunately" because I think Canadian Western is a really good bank and a great way to play ongoing growth in Western Canada, but I just don't see much undervaluation right now.

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Still Waiting For A Little More Value At Canadian Western Bank