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Life & Banc Split Corp T.LBS

Alternate Symbol(s):  T.LBS.PR.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 appreciation. To achieve these objectives, the Fund invests in a portfolio comprised of common shares of approximately six Canadian banks and four publicly traded Canadian life insurance companies. The Fund also writes covered call options and cash-covered put options in respect of the portfolio to generate additional distributable income for the Fund and/or to reduce the volatility of the Fund. The Fund's investment manager is Brompton Funds Limited.


TSX:LBS - Post by User

Life & Banc Split Corp
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Comment by anthony3on May 19, 2019 12:56pm
37 Views
Post# 29759666

RE:RE:RE:LBS is a trader's dream.

RE:RE:RE:LBS is a trader's dream.
wheeloffortune wrote: AMD is such a ridiculous pyramid.  16.6x p/bv and no divy.  If I was going to buy US stocks, I'd get Ford which at least pays a 5.8% divy and their technology is always state of the art and ahead of the big 3.

Sleeperz1 wrote: AMD is the Traders dream.  You can be in and out in an hour, several times a day.


JohnWalker wrote:

I have a core position in LBS that I will not part with and am collecting dividends on. But right now it seems there is a real push between buyers and sellers of LBS. I bought 4,000 LBS at $7.74 less than a week ago and sold it earlier today at $7.86. That's a $480 profit (before commission) in less than a week. Later today I bought those same 4,000 shares back at $7.72 and I will sell them again in less than a week at $7.86. That will be another $560 profit (before commission). Just trade in and out every couple of days --- it's like an ATM right now.

 

 


AMD wtf ...if you get stuck in AMD you wont get paid to hold it... AMD will be making the GPUs in the ps5.. i wouldnt never trade it, john got me a good idea :)




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