LCS getting dumped no matter about discountApparently the sellers dont care whether LCS is a better value than others, when its time to exit , just sell at market.
I have the NAV of the commons @ about $5.15 here... but the general direction of the financials is still down. ECB hiked rates another 50 points, so expect more contagion as the bond yield jumps because the value of the bonds continue to fall. Many firms have millions tied up in treasuries and bonds, thinking those were safe.