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Bullboard - Stock Discussion Forum Canadian Life Companies Split Corp T.LFE

Alternate Symbol(s): CLSPF | T.LFE.PR.B

The Companys investment objectives are (i) to provide holders of Preferred Shares with fixed cumulative preferential monthly cash dividends in the amount of $0.04375 per Preferred Share to yield 5.25% per annum on the original issue price (ii) to provide holders of Class A Shares with regular monthly cash distributions targeted to be $0.10 per Class A Share to yield 8.0% per annum on the... see more

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Bullboard (TSX:LFE)

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Post by mousermanon Jun 17, 2024 1:52pm

Signs of a top in...

How can we know for sure the stock market is in a bubble? NVIDIA (NVDA) has been up 155% year to date; its market cap is over $3 trillion. The company has gained the equivalent of Amazon in just six ...more

162

Discussion

Comment by flamingogoldon Jun 13, 2024 5:44pm

RE:RE:Like clockwork

S&P and Nasdaq are propped up by Apple and Nvidia. Big tech continues to lead. The broadening out story is taking a breather again now that the FED has slammed the door on 3 rate cuts this year ...more

Discussion

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Comment by mousermanon Jun 13, 2024 5:00pm

RE:RE:Like clockwork

LFE seeing folks take profits where they still have some... Lifecos have mostly outperformed the other financials since the interest rate hikes hit the top level. Many were late to buy into the party. ...more

126

Discussion

Comment by azzurrion Jun 13, 2024 4:14pm

RE:Like clockwork

Yes. I recall you saying this the last time and I did just that. Bought up through the run to $15 NAV and then sold. Started to get back in at $4.50 while averaging down during this slide. Question ...more

108

Discussion

Post by flamingogoldon Jun 13, 2024 10:48am

Like clockwork

LFE is always a sell at 5. Always. Indices this year have sported multiple records and yet LFE falls flat once again. Buying this for cap gains only is the better strategy.

140

Discussion

Post by mousermanon Jun 12, 2024 4:47pm

LFE unit nav to June 12 = approx: $14.62

Spreadsheet now showing a loss of 18 cents, after the selling today. Appears profittaking on the lifecos is not done just yet..

Post by mousermanon Jun 12, 2024 3:34pm

FED holds firm and one rate cut expected in 2024

As expected, the Federal Reserve left interest rates unchanged within a range of 5.25% to 5.50%. The updated economic projections show the central bank sees one rate cut this year, down from three ...more

Comment by mousermanon Jun 12, 2024 3:22pm

RE:RE:RE:Soft US CPI# is good news... short term

Lifecos backing up again and markets seem to be looking ahead to lower interest rates .. and belief that lifecos will suffer. I have been stopped out on LFE and no longer have shares. BUT ...more

Discussion

Comment by flamingogoldon Jun 12, 2024 9:41am

RE:RE:Soft US CPI# is good news... short term

We will never get back to zero FED fund rates, and we don't want to because something has to break again and then everything goes into the wood chipper. I believe this cutting cycle will stop ...more

Discussion

Post by mousermanon Jun 12, 2024 9:38am

LFE holdings bouncing back

So appears as tho right back to where it was JUNE 10, so needing about 18 cents to make distributions... Very few of the split funds were showing a gain since MAy 31.. LFE might be one of the few..

Comment by mousermanon Jun 12, 2024 9:34am

RE:Soft US CPI# is good news... short term

4% is going to be like 500% easier than 0% prepandemic... LFE has big payout to preferreds , which will get reduced IF interest rates come down. I doubt we ever see below 4% again... Most of my ...more

Discussion

Post by flamingogoldon Jun 12, 2024 9:18am

Soft US CPI# is good news... short term

Good news for a rebound as the US CPI# comes in cooler than expected. So, markets will rock higher.... this morning. Enter Powell for the afternoon. There is zero chance of a rate cut so the market ...more

Discussion

Post by azzurrion Jun 12, 2024 8:50am

NAV Update

Hi Mouseman. Do you have a June 11 closing NAV estimate for LFE or, depending on when you see this, a live June 12 NAV?

Comment by flamingogoldon Jun 11, 2024 3:52pm

RE:RE:RE:LFE unit nav to Jun 10 = approx: $14.83

Looks like a tale of 2 markets again. Tech, namely Apple, inking record highs today and doing the same to the S&P and Nasdaq all on its own. Dow and TSX are down. The broadening out story losing ...more

Discussion

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Bullboard - Stock Discussion Forum Canadian Life Companies Split Corp T.LFE

Alternate Symbol(s): CLSPF | T.LFE.PR.B

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Bullboard (TSX:LFE)