RE:RE:End of day LBS unit nav = approx: 17.96slst wrote: Seems really odd that the financials are up smartly and LBS is offered at a discount to NAV.
Still some overhang from the Financing? Hope they put all the new money to work on time.
Holding with confidence. Canada has the best Banks and the Best Insurance Cos.
Well regulated with remarkable dicipline to achieve annual income growth.
Generally raise their Dividends every year.
Okay.....boring. I see $10 some time this year.
SO added some more LBS this am, as I sold off more FFN this am, with a small lot ask i didnt believe would get hit.
Altho the yield is 4 % lower with LBS compared to FFN, the valuation is much better, epecially with the USD dropping fairly big again this morning. FFN is about 50% valued in US banks, and the declining USD makes the gains in those limited. They are NOT doing as well as it looks.
The premium to NAV makes it likely that FFN drops much bigger on ex divvy date.
I can live with LBS at over 18 $ UNIT NAV and a 15.3% yield....
AND biggest plus , is it trades at a discount.