|Shares Out. (in M):||88||P/E||13x||NA|
|Market Cap (in $M):||2,200||P/FCF||NA||NA|
|Net Debt (in $M):||0||EBIT||0||0|
|Borrow Cost:||General Collateral|
Canadian Western Bank (CWB.TO) offers an attractive short opportunity. CWB is a $2.2B market capitalization, $25.2B asset bank that claims to be the seventh largest schedule 1 bank in Canada (all numbers are in Canadian dollars). Headquartered in Edmonton, Alberta, Canadian Western provides services in business and personal banking, equipment financing and leasing, trust services and wealth management for businesses and individuals. Banking and wealth management services are offered primarily across the four western provinces while equipment financing and leasing and trust services are available across Canada. Online banking and residential mortgages are available on a nationwide basis with the exception of Quebec.