my p/e figure came from msn money app, but on further review i agree with you i think its more like 16-17, as looking at etrade and other sites like yahoo money the 2015-16 p/e was 33 and the newly updated forward p/e is more like 16-17.
so im guessing the msn figure was an average of the two which is inaccurate.
not sure about your comments on the big banks, but if the dividends are in addition to buybacks then sp could rise.
im just not sure about the forward potential for major earnings growth in the mortgage and share registry business to justify high p/e. perhaps it is fairly valued and thus a hold, and is a good defensive play for those who want capital protection with divi's but i think there may be better growth shares elsewhere.
open to being convinced otherwise.
CPU Price at posting:
$10.11 Sentiment: Hold Disclosure: Not Held
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