RE:BK Toppicks1 wrote: Has lost about 20% of its value in the last 12 months I expect it to re gain that value. I feel it is better then say LFE that is up 74% over the last 12 months. Of course time will tell but the rate cuts are coming. First in Canada and followed in US. Remember it is a election year.
I have no shares in BK, and i am overweight in LFE... only other Split fund common i hold is FTN.
I am obviously more inclined to say there is LESS risk in owning lifecos than banks at this point. And the last 18 months have proved that point, with the lifecos out -performing the banks by quite a margin. I see a few .25 % rate cuts in the summer and fall, but nothing that would hurt the profits of the lifecos as they collect high interest on their collected premiums.. There is however a huge overhang of underwater residential , consumer and commerical debt needing more than a .25% cut to stop the bleeding. ALL jmho tho.
On another tangent gold hit an alltime high vs the USD, today breaking thru 2200$.