CIBC May Take $4.1 Billion Writedown, CIBC Analyst Says (headline has changed but the original was as we laid out). This just speaks to credibility of CIBC’s (NYSE: CM) equity research department!! ….or the fact that their equity research department just got laid off.
Recommendation: Short the employment status of anyone who downgrades their own firm’s stock; double short any company who puts their employees in a position where they would have to do so.
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I have a total return swap I could sell you on that position and will finance you to leverage it 10x, email me tima@cibc.com
cibc pre-approved me for a 10k goldcard (miniballer style), then ganked it 6 weeks later cuz i wouldn’t send them my tax returns for the past 3 years. they effectively hitran me for 100 in annual fees and now i have a decorative piece of plastic to remind me to ultrashort this wonderful financial institution.