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Re: SaltyMutt post# 3218

Thursday, 04/04/2013 3:26:01 PM

Thursday, April 04, 2013 3:26:01 PM

Post# of 5847

If our patience prevails, come the end of 2013 our only disapointment will be that we didn't own enough shares of CIBH.

Well said. 100% spot on Salty! This will be like going up stairs with landings every now and then. What's the difference if it goes up a penny a day for a month or .35 in a single day at fairly regular intervals!

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!!




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