Post by
mouserman on Apr 28, 2023 1:58pm
LCS unit nav in realtime @ approx: $16.63 before dist.
So after distributions are paid the UNIT NAV would be 23 cents lower at $16.40 , so commons carry a value at this moment in time of $6.40... so tradaing at about a 35 discount. The ONLY one you will find that is doing that with , especially with nearly $1.50 of safety built in.
People seem to focus on the smaller payout of 7.5 cents, but YIELD is Yield .And 15% Yield is good, there is SBC , LBS , and a few others trading at premiums despite paying a lower yield. BK yield is almost the same as LCS, but of course has about 3 $ more safety built in.
Sooner or later LCS will get a valuation at least CLOSE to the real value of the holdings. I have my sells set at 10 cents below the NAV, so i am willing to sell some at a discount, just not a 5 or 6% discount. I think perhaps we are seeing ex -divvy date selling as some go to cash and patiently wait for bargains to appear. I doubt they will find any bigger bargains than this.
Comment by
EricDividends on Apr 28, 2023 2:16pm
I can understand the selling to a point. Currently I am sitting on 6000 shares with a book cost of 5.41, it is getting to the point of is it worth holding on for or take my profit and wait for a small downturn. Yet I also like the yield Lol as an income pig, this is screaming to be bought.