RE:What's at play for LBS this weekToday had 2 out of the 5 big Canadian banks report. The next 2 days will confirm whether or not US mortgages will also require less loan loss provisions. The thing is that modern algorithms used in mortgage approval have this sort of risk pretty much recession proof after the fallout from 2008 bankiing practices. But lets make sure and the proof will be in the numbers tomorrow and Thursday.
I also want to reiterate that this is a trend through the loan industry whether it be banks, second tier lenders, lenders of last resort, crediit cards or airlines with substantial credit card reward programs. They have sagged but it is now clear that they will survive this pandemic and come out strong enough to be part of the solution rather than part of the problem.
If managed properly this should result in an unbroken run of free cash flow and thus dividends through this whole industry.
Those who short these stocks will still have some game. Yesterday was the first time I have seen them post a thread and then reply to it with 7 "RE"s to bury good posts. This stock is definitely one that is a short magnet and they are very active. I prune such billboards and ignore such posts to keep my thoughts clear and on target with what is going on in the real world.
To improve this bullboard I suggest you do the same. I have seen it done on other sites and it does not get rid of the posts but they do complain and you can ignore their complaints as well.