Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum Life & Banc Split Corp T.LBS

Alternate Symbol(s):  T.LBS.P.A | LFBCF

Life & Banc Split Corp. (the Fund) is a Canada-based mutual fund company. The Fund's investment objective is to provide holders of Preferred shares with fixed cumulative preferential quarterly cash distributions and to return the original issue price on the maturity date, and to provide holders of Class A shares with regular monthly cash distributions and the opportunity for capital... see more

TSX:LBS - Post Discussion

View:
Post by Obscure1 on May 02, 2022 3:53pm

Added

I just picked up another 10k shares.  The banks have all recovered about $1.50 per share off the lows of the day while LBS is still licking its wounds.

I'm expecting the FED to raise interest rates by 50 basis points tomorrow which will freeze the market until Powell speaks at 2pm on Wednsesday.  My guess is that Powell will indicate that the FED is being proactive but will be watching the Q2 numbers carefully before making any decision on rates going forward.  Based upon that, I expect the markets will move strongly upwards in the last hour of trading on Wednesday. 

The market has a way of humbling us all, but with a yield of 12.8%, I can wait
Comment by Mirko22 on May 04, 2022 6:05pm
nice call