Life & Banc Split Corp T.LBS

Good results from lifecos

[mouserman]

Particularly GOW and SLF had stellar reports.

UNIT NAV for LBS to MAY 5 = about $19.34 before distributions.
So commons are at a bit of a discount with real value at  $9.19 after distributions of .10 to commons and prorated 5 cent dist to preferreds.

[EdPaquette]

My biggest holding. Thanks mouserman. 

[DivChain]

LifeCos down, I guess if AMZN goes red after stellar earnings than this is not a surprise, but in the long run LifeCos should move up.

[stwatcher]

At the peak ? Banks and insurance companies at all time highs ?? Time to sell b class for A with dividend now I think ? Any thoughts 

[mouserman]

Well there is bound to be a correction, just looking at historical charts, BUT at this point the CAD banks are sitting on the most cash in their history as the Canadian regulators put a hold on raising dividends or buying back stock for the big 6. That is about to come off, and we can expect a 20% hike in the dividends for the banks. The lifecos for the most part have weathered the pandemic really

[EdPaquette]

Look at a 10 year chart of ZEB equal weight banks. In 2017, 18 and 19 it topped out just over 30. 2020 was the drop, and now it's way over 34.  That breakout has room to run up to 37 or 38. So another10% rise in banks.

[mouserman]

I dont think charts are very reliable in a pandemic.... sooner or later there will be technical selling in the financials after a 70 % runup in a space of about 7 months....