Life & Banc Split Corp T.LBS

How about LCS ?

[birder]

First, thanks to people here.
Been reading for a while.

What do you think of LCS ?
Trading under NAV and only 3-5% now from hitting $5 and dividend treshold.

[mouserman]

If you were to get LCS at 4.20 , the yield would be 21%, once it gets firmly above 15$..  However the yields on others LIKE FFN for instance are much higher and so they are getting a huge pop today. LCS still not quite at the 15$ threshhold here, and i expect some profittaking end of day, and tomorrow. Things are not all THAT bullish out there yet.

[EdPaquette]

I removed lcs from my watch list because the payout is low, and if I want something that low, I'd want more security.   Some alternatives would include the preferreds. 

[birder]

Makes a lot of sense, thanks. I guess it's only really worth for the short-term between now and the moment it clenched dividend zone. Based on similar products, it gets a significant boost at that moment. Another question: do you plan to keep LBS now that it's around $7.30 ? I went it at around $4.25 and thought it would take longer to reach that over $7.00. 

[mouserman]

I posted a while back that i had taken most of my LBS off the table and invested in a few other  sectors, and put some into FTN . Today all my FTN got taken out, and I expected a pullback and to be able to buy back cheaper in a few days.  Then it halted and FTN is doing an offering.. so will wait a few weeks and see where it settles out. In the meantime sitting on a lot of cash, and