RE:Now $15.93 lifecos doing better % wise than banksGood points..
Here's the way I look at it..
1....I am very happy to pick up an undervalued stock and get paid 15% waiting for others to eventually figure it out.
2....the splits with big premiums run the risk of huge capital losses if the market goes against them whereas buying LCS at a discount gives some additional downside protection. As well, the big premiums also lead to new share offerings at a discount to NAV.
That said, I am with you in scratching my head as to why others haven't figured this out as yet. It isn't really that hard especially since there are great people like you providing regular realtime updates on the NAV compared to the SP.