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Email this6:58 am
March 15, 2019
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C&P from Globe and Mail April 13th, 2020.
Canadian Western Bank (CWB-T)
On March 23, Daryl MacLellan, president and chief executive officer of CWB Maxium Financial (a subsidiary of Canadian Western Bank), acquired 20,000 shares at a price per share of $16.75 for an account in which he has control or direction over (MacLellan Family Trust), taking this account’s position up to 141,686 shares. The cost of this purchase totaled $335,000, not including trading fees.
Between March 16-18, Stephen Murphy, executive vice-president- banking, invested over $277,000 in shares of Canadian Western Bank. He purchased a total of 15,000 shares at an average price per share of roughly $18.48, boosting this account’s holdings to 22,088 shares.
8:19 am
December 12, 2009
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krwilson said
C&P from Globe and Mail April 13th, 2020.Canadian Western Bank (CWB-T)
On March 23, Daryl MacLellan, president and chief executive officer of CWB Maxium Financial (a subsidiary of Canadian Western Bank), acquired 20,000 shares at a price per share of $16.75 for an account in which he has control or direction over (MacLellan Family Trust), taking this account’s position up to 141,686 shares. The cost of this purchase totaled $335,000, not including trading fees.
Between March 16-18, Stephen Murphy, executive vice-president- banking, invested over $277,000 in shares of Canadian Western Bank. He purchased a total of 15,000 shares at an average price per share of roughly $18.48, boosting this account’s holdings to 22,088 shares.
Not surprising at all. Anything below $20 for CWB is a steal. Senior executives, especially Murphy, are restricted as to timing when they can make their purchases.
I purchased my 250 or so shares at ~$17.90, in late March.
Cheers,
Doug
9:36 am
September 7, 2018
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Doug said
Not surprising at all. Anything below $20 for CWB is a steal. Senior executives, especially Murphy, are restricted as to timing when they can make their purchases.
I purchased my 250 or so shares at ~$17.90, in late March.
Cheers,
Doug
How did you base your "steal price" for CWB to be anything below $20? Why did you not pick one of the big banks (rather than CWB) whose prices also took a hit in March but have now climbed up somewhat and have higher rating than CWB.
On one hand I think banks could suffer in the short term from loan write-offs but perhaps the bottom line may be not so bad since they will make considerable profits just handling the gigantic money inflow/outflow coming in from governments and out to clients.
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