Brompton Lifeco Split Corp T.LCS

LCS unit nav to JUne 16 = approx: $16.21

[mouserman]

So appears LCS lost about 7 cents today off the UNIT NAV , most of that from dumping of  MFC .
Commons would have a value of about $6.14   after accounting for preferreds dist. in the future.So even after that is accounted for LCS back to a discount. Knew the premium  couldnt last ....lol

[deisman03]

I dumped this one last week, before it topped but still happy with the return and a couple of distributions.  From what the ten year chart shows, this split is close to or just crescended it's top.  Not saying it will happen, but there's a good possibility, given past history, that this split will drop anywhere from 20-35% over the next few months.  When it drops off, it&

[EdPaquette]

I think all the insurance companies have trouble with low interest rates and should be ok the next couple of years. 

[deisman03]

You may be right but look back at their ten year chart. Their price is at a critical point when compared to similar interest rates in the past. This split has a habit of repeating its history imho GLTA the good folks here

[Eoj123]

deisman03, could you please expound on that a bit as to the interest rate comparisons vs current. Thank you

[mouserman]

10 years ago US fed rate was below 1 %... so not a good period for lifecos... Big difference today. Banks are much riskier, and why we have seen some big failures just lately. Didnt see any lifecos going under...