Archive for March 9th, 2009
RBC bank analyst joins our divi cut bandwagon
9 March 2009According to Bloomberg, RBC’s bank analyst Andre-Philippe Hardy put out a 67 page note this morning suggesting that Canadian banks should “suspend” their dividends:
“Suspending dividends would help ensure that the banks remain privately capitalized,” said Hardy, the Toronto-based analyst for Canada’s biggest bank.
Investors aren’t valuing Canadian banks as if their dividends are sustainable, Hardy [...]
D&D Securities “The Morning Call”
9 March 2009One of the better market bloggers I know isn’t a blogger at all. He does all of the work but shares his daily fare only with his clients. His name is Ed Pennock and he’s a very experienced institutional salesman at an investment banking firm called D&D Securities. Each morning he does [...]
Recession to be longest since WWII
9 March 2009Here’s a fact that I didn’t know (hat tip CNBC), and it is worth considering as one looks out at the prospects for 2009 and 2010:
“If [the recession] lasts into April — as it almost surely will — this one will go on record as the longest in the postwar era. The 1981-82 and [...]