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E-L Financial Corp Ltd T.ELF

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

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

Comment by Thor16on Aug 23, 2023 3:08pm
124 Views
Post# 35602441

RE:RE:RE:RE:RE:RE:RE:RE:RE:EVT SIB

RE:RE:RE:RE:RE:RE:RE:RE:RE:EVT SIBValid question Method.  And welcome back :)  The costs and requirements of a public company are substantial is of course the short answer.  The doublding of your family net worth at a tiny fractional cost is more likely the real answer.  I don't remember the numbers however it was something like a savings of 10 million dollars a year for ELF to privatize.  Compound that over decades and of course the number is compelling.  Hundreds of millions of dollars saved.  Not to mention the privacy that comes with being a private entity.  More importantly doubling the pre tax value f ~3.3m shares for the price of 300k shares seems like a good deal.

Why be a public company if you aren't utlizing capital markets on the equity side?  You can always issue debt easily.

If you don't mine my asking, do you still hold a position in the stock?
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