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E-L Financial Corp Ltd T.ELF

Alternate Symbol(s):  T.ELF.P.F | T.ELF.P.G | T.ELF.P.H | ELFIF

Financial Services Insurance - Diversified
E-L Financial Corporation Limited is a Canada-based investment and insurance holding company. The Company operates through two segments: E-L Corporate and Empire Life. E-L Corporate segment represents investments in stocks and fixed income securities held directly and indirectly through pooled funds, closed-end investment companies and other investment companies. The investment strategy is to accumulate shareholder value through long-term capital appreciation and dividend and interest income from its investments. Empire Life segment offers individual and group life and health insurance, investment and retirement products to Canadians. The segment provides a range of life insurance and wealth management products, employee benefit plans and financial services to meet the needs of individuals, professionals and businesses through a network of Independent Financial Advisors (IFA), Managing General Agents (MGA), National Account firms and Group Solutions brokers and representatives.


TSX:ELF - Post by User

E-L Financial Corp Ltd > ELF
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Comment by Methodon May 23, 2021 10:01pm
155 Views
Post# 33256180

RE:RE:RE:RE:RE:RE:RE:ELF

RE:RE:RE:RE:RE:RE:RE:ELF

Thor16 wrote: At what point do you think they take the company private?

 

I don't think they want to take it private but if they keep buying shares at a big discount, it will happen eventually. It could, alternatively trade to a premium to NAV at some point if there are enough core holders. I think I converted to the neversell camp on ELF after listening to Monish Pabrai in a recent interview talk about long term compounder with great capital allocation. Maybe others will too. 

I don't understand how disallowing an issuer bid helps liquidity. All an SIB does is provide liquidity to shareholders and signals that intrinsic value is higher. I don't need a regulator protecting me from that. If the issue is the trading liquidity of the stock post SIB, the regulator only need worry about the sellers and the NCIB takes care of that. Anyone who wants to sell more than a 1000 shares can call up the Company and I suspect they will be happy to oblige. 

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