RE:Not so obviousPretty simple, lifecos are not in the busy of giving out loans , and then when things go sour, due to high interest rates, make provisions for losses.
Different animal, but still a financial stock. LCS is still not back to the stock price of a year ago, and the holdings have had pretty stellar results in the past Q , compared to most of the banks. Exactly a year ago LCS was pushing $6.75 with about the same NAV.
Kadiddelhopper wrote: to me at =least. Why are the Lifeco's suddenly the place to be as opposed to the big Financials as in Banks and Financial Credit Houses? At least they have Credit risk and possible Losses that need to be accounted for in the coming recession... But why the Lifecos doing well.?...is everybody and his Mother suddenly buying a Life Insurance Policy.....against a Recession and its circumstance? Enlighten me please as to this turn-around.