One of the things that I will be looking for in the stocks that I review this year is a mission statement. What I am looking for is a statement that the company wants to do well by their customers, employees, and community and thereby earn shareholders a reasonable return.
So far on the 7 companies I have looked at this year, including 4 of our biggest Canadian banks, I can find nothing on their site that says mission statement. For one company I looked at I could find no statements at all that hit any of these points.
For most companies so far I have basically pieced together what they have said that covers what I am looking for. Mission statements have been around a long time now. I find it rather shocking that I am having a hard time finding any such thing on the sites I have looked at.
On my other blog I am today writing about Bank of Nova Scotia (TSX-BNS, NYSE-BNS) ... continue...
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