Post by
mouserman on Mar 13, 2023 9:46am
Hard to understand why LCS getting hit harder
As far as I can tell lifecos have no more exposure to US banks that are in trouble than the Big 6 CAD BANKS. AND EVEN WITH THE DOWNFALL TODAY, LCS is still above the 15$ threshhold.
A few more days of this tho and it wont be. BUT still in much better shape than DGS, FFN, DFN, or a host of the other split funds that are diving fast as well.
Comment by
Kadiddelhopper on Mar 13, 2023 9:52am
LCS dropping most likely in lock-step with the s/p drop in the Big 4 , SLF, GWO, MFC, and IAG this morning.. Babies being tossed out with the dirty bathwater.
Comment by
mouserman on Mar 13, 2023 10:20am
I think more likely some margin calls or stop losses triggered by some short sellers. Lifecos bouncing back now, doing multiples bwetter than US banks.....
Comment by
kurtwalter on Mar 13, 2023 5:25pm
Over five days the four insurance companies held by LCS have dropped between 4 and 7 percent; LCS is down 15 %. Why? Profit taking? Still up 17% YTD.
Comment by
kurtwalter on Mar 13, 2023 5:30pm
LCS moved up very fast YTD, still up 17%. My favourite split share: BK, only holds Canadian banks, 15% yield, very stable, less volatile than the banks itself.