Post by
NoShoesNoShirt on Dec 09, 2023 9:55am
LFE vs LCS which is more unloved?
LFE has an abysmal record of paying dividends, but I think that has changed forever. We'll never again see zero interest rates, and that's what torpedoed the lifecos. The discount to nav is twice that of LCS. Buy the underdog.
Comment by
lilswede on Dec 11, 2023 3:06pm
Mfc is close or at a new 10 year high. Not sure it has the legs to keep going...1.8 billion o/s shares kind of caps it. But you never know. I have a hard time watching lfe struggle to break through 4.00...with the nav that .60-.80 cts higher. Maybe I should quit watching it....that would solve my problem.
Comment by
NoShoesNoShirt on Dec 11, 2023 4:10pm
LFE struggles to get to 5 even if it pays. If it can pay 12 in a row, then it should get a premium.
Comment by
kurtwalter on Dec 12, 2023 1:27pm
LFE is shooting the lights out at the moment. If it reaches a NAV that will allow the paying of dividends the yield will be about 1.20/5.00 = 24 percent. Anything wrong with my calculations? Insurance companies doing very well at the moment, so I am holding a lot of LCS. Porfolio up about 0.5% as of 1 pm
Comment by
mouserman on Dec 12, 2023 6:03pm
Your yield with an average buy of 4$ would be 30% when it starts to pay with the UNIT NAV @15$...