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Thursday, April 04, 2013 3:26:01 PM
If our patience prevails, come the end of 2013 our only disapointment will be that we didn't own enough shares of CIBH.
Banks are money machines and unlike any other business the assets are cold hard cash. In some ways its a very complex business and in other ways it's about as basic as it comes. Loan out $10 bucks and get back $12...repeat repeat repeat repeat repeat as fast as you can. The days of loaning $10 and getting back $7 appear to be over...and for our countrys' sake, let's hope that holds! ;)
Loan $10..get back $12...GO CIBH!!
Learn something new every time you invest...and take it with you to the next opportunity.
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