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LUK: Bull or Bear?

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You have to bet on Ian Cumming........... LUK

43%

+1.26% in 22 hours (closed on 10/10/07)   My Investment style is simple and effective. Bet with winners. I am holding Sirius because Howard Stern is too arrogant to be part of a losing team. I Hold Leukadia because it is managed by a small team of consistent winners. Ian Cumming makes money...period. Continue reading »

Bullish on LUK ... LUK

31%

-56.76% in 491 days They are in everything, mining, drilling, health care, communication, and more, another Berkshire prospective.  Overall this is another buy, and forget stock. Continue reading »

Leucadia: Ian Cumming on Commodities, Globalization, and China-Secrets of Success LUK

-54.68% in 531 days In yesterday's Guru Focus ( gurufocus.com ) there was a wonderful post that quoted from Leucadia's Ian Cumming, the chairman of Leucadia National ICorp ( LUK) Gurufocus provides a great deal of information about highly successful and well-known investors ranging from Buffett to Wally Weitz. It is well worth your attention! The Leucadia record or scorecard as Cumming and his partner Joseph Steinberg refer to it is an incredible example of disciplined investing at its best. Over 29 years, wealth creation of 20.9% has occurred ex dash dividends or spin-offs, just slightly less than... Continue reading »

From the Blogosphere

Leucadia Files 10-Q: Pershing Losses Disclosed

Wow In its annual report in February Leucadia (LUK) booked an $85 million loss on the investment in Target (TGT). In the most recent 10-Q for the first nine months of 2008 Leucadia is booking another $27.7 million dollar loss on the investment. Pershing head, Bill Ackman recently unveiled his plan for the retailer. One has to assume as his options, dated 1/2010 get closer to coming due he will begin to put real pressure on the retailer. Disclosure ("none" means no position):none Visit... Continued at Todd Sullivan's ValuePlays Continue reading »

Fairholme "In Discussions" with AmeriCredit ($acf)

Luecadia (LUK) owns 28% so together with Fairholme (FAIRX), this could get interesting. From the 13-D "The Reporting Persons are in discussions with the Issuer's management concerning (i) the exchange of certain debt securities of the Issuer held by the Reporting Persons for additional Shares, (ii) the acquisition by the Reporting Persons of asset-backed securities of the Issuer or its affiliate offered in a future securitization transaction, and (iii) an agreement under which the... Continued at Todd Sullivan's ValuePlays Continue reading »

Leucadia Files 10-Q: Pershing Losses Disclosed

8 %

Wow In its annual report in February Leucadia (LUK) booked an $85 million loss on the investment in Target (TGT). In the most recent 10-Q for the first nine months of 2008 Leucadia is booking another $27.7 million dollar loss on the investment. Pershing head, Bill Ackman recently unveiled his plan for the retailer. One has to assume as his options, dated 1/2010 get closer to coming due he will begin to put real pressure on the retailer. <script src="http://www.valueinvestingnews.com/sites/all/scripts/externalvote.js" type="text/javascript"></script> Disclosure ("none" means no position):none Vis... Continue reading »

Fairholme "In Discussions" with AmeriCredit ($acf)

8 %

Luecadia (LUK) owns 28% so together with Fairholme (FAIRX), this could get interesting. From the 13-D "The Reporting Persons are in discussions with the Issuer's management concerning (i) the exchange of certain debt securities of the Issuer held by the Reporting Persons for additional Shares, (ii) the acquisition by the Reporting Persons of asset-backed securities of the Issuer or its affiliate offered in a future securitization transaction, and (iii) an agreement under which the Reporting Persons will refrain from taking certain actions with respect to the Issuer for a specified period a... Continue reading »

Leucadia Files 10-Q: Pershing Losses Disclosed

Wow In its annual report in February Leucadia (LUK) booked an $85 million loss on the investment in Target (TGT). In the most recent 10-Q for the first nine months of 2008 Leucadia is booking another $27.7 million dollar loss on the investment. Pershing head, Bill Ackman recently unveiled his plan for the retailer. One has to assume as his options, dated 1/2010 get closer to coming due he will begin to put real pressure on the retailer. <script src="http://www.valueinvestingnews.com/sites/all/scripts/externalvote.js" type="text/javascript"></script> Disclosure ("none" means no position):none Vis... Continue reading »

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