CWB / Canadian Western Bank: Trading At Just 7 Times Earnings

The convertible bond market has long been an appealing place to look for total return potential. However, demand for convertible bond ETFs has been mi more_horizontal

An upside to rising rates is the market's reintroduction to fixed-income assets providing a decent income. As exciting as auctions and secondary marke more_horizontal

Calamos Investments has an extensive history as an active mutual fund manager, but it made a splash in the ETF space when it launched its first ETF in more_horizontal

CWB holds a diversified portfolio of convertible bonds. About 80% of the portfolio's issuers have no credit rating. more_horizontal

When considering that convertible bonds are among the fixed income assets that behave most like stocks, 2022 was a dreadful year to be engaged with th more_horizontal

Convertible bonds were, at one time, an excellent "hybrid" investment. That is no longer the case, thanks to years of loose Fed-induced monetary condi more_horizontal

Convertibles are bond/stock hybrids that can offer a combination of the downside protection of bonds and the upside potential of stocks. more_horizontal

Canadian Western Bank has been printing more shares to support a balance sheet expansion. This should result in an above-average net interest income i more_horizontal