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Thread: Any owners of LUECADIA NATIONAL(LUC) here?

  1. #1 Any owners of LUECADIA NATIONAL(LUC) here? 
    RX Semi-God Fishhead's Avatar
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    Some refer to this stock as a "mini-Bershire-Hathaway".

    Check out these statistics.....


    Leucadia stocks have outperformed Berkshire during the past 3, 5, 10 and 20 years. If you are old enough and had invested $1000 in Leucadia when it went public in 1978, those shares would worth $2.8 million without counting dividends, averaging 22% a year. With this humongous return, Leucadia has a market cap of $6.7 billion, which puts it into mid cap category.
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  2. #2  
    RX Semi-God Fishhead's Avatar
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    Sorry, ticker symbol is .........

    LUK
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  3. #3  
    RX Semi-God Fishhead's Avatar
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    Initiating coverage of LUK with a STRONG BUY recommendation and have set a price target of 52 by years end.

    LUK shares are currently trading at 44.02 on the NYSE.

    Thank me at years end..........or earlier.






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  4. #4  
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    Dont own it, but have heard of the co and have looked into them a few times. I know they seek distressed assets and to sell them off as market conditions improve. Given they are currently in the timber business (suffering hard times currently), plastics (can't be good with oil over $100/bl) and office real estate (their properties arent badly positioned from what I see, but there are still recession ripples everywhere) As well as gambling in MS. I cant say I see this company as a screaming buy..but then again buying stock in companies that buy other business on the cheap isnt the worst strategy out there. I would agree target likely around 50 by year end, assuming the dow finishes up on the year around 13,200. I would rate it a 2.0 with 1 being a strong buy - 5 strong sell. Might be a nice play for someone looking to take a small position and hoping for big returns. I would look more 3-5 years on this one as once we start out of a recession, the mid caps generally do best.
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  5. #5  
    RX Semi-God Fishhead's Avatar
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    Quote Originally Posted by djefferis View Post
    Dont own it, but have heard of the co and have looked into them a few times. I know they seek distressed assets and to sell them off as market conditions improve. Given they are currently in the timber business (suffering hard times currently), plastics (can't be good with oil over $100/bl) and office real estate (their properties arent badly positioned from what I see, but there are still recession ripples everywhere) As well as gambling in MS. I cant say I see this company as a screaming buy..but then again buying stock in companies that buy other business on the cheap isnt the worst strategy out there. I would agree target likely around 50 by year end, assuming the dow finishes up on the year around 13,200. I would rate it a 2.0 with 1 being a strong buy - 5 strong sell. Might be a nice play for someone looking to take a small position and hoping for big returns. I would look more 3-5 years on this one as once we start out of a recession, the mid caps generally do best.
    Good analogy

    The track record of this stock is absolutely amazing......incredible really.
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  6. #6  
    RX Semi-God Fishhead's Avatar
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    Quote Originally Posted by Fishhead View Post
    Initiating coverage of LUK with a STRONG BUY recommendation and have set a price target of 52 by years end.

    LUK shares are currently trading at 44.02 on the NYSE.

    Thank me at years end..........or earlier.








    LUK hit 52 at midday in the market today, thus it didn't take up to nine months to hit the target price, but rather just 4.5 trading days!!

    This equates to an 18%+ return realized in less than one week.........or an annualized return of what would be around a 1,000% rate of return.






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  7. #7  
    RX Semi-God 5teamparlay's Avatar
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    WOW, GOOD STUFF!!!!


    Heard about this first hand last night.
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  8. #8  
    #1 Spot JustWin's Avatar
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    FISH -
    I've owned this stock in varying amounts since November of 1999 - if you have any questions. get my email from a mod.
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  9. #9  
    RX Semi-God Fishhead's Avatar
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    Quote Originally Posted by JustWin View Post
    FISH -
    I've owned this stock in varying amounts since November of 1999 - if you have any questions. get my email from a mod.

    OK, THANKS!

    Certainly will do so if indeed I do have any questions.

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  10. #10  
    RX Senior mj 23's Avatar
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    Im a Berk Hath man but will check it out Thanks!
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  11. #11  
    RX Semi-God 5teamparlay's Avatar
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    STOCK HAS HELD STEADY

    Leucadia National Corporation. LUK (NYSE) Delayed Quote Data


    4:13pm 05/14/2008Pre-Market After Hours $53.65
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  12. #12  
    RX Semi-God Dante's Avatar
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    amazing you do not see him for 2-3 weeks then BAM!! Fishermatic comes in with a RANDOM out of the blue thread and topic.... simply amazing :O)
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  13. #13  
    RX Semi-God 5teamparlay's Avatar
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    the stack has taken a HIT lately:


    luk
    43.37
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  14. #14  
    RX Semi-God 5teamparlay's Avatar
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    And another hit:

    $40.52

    Change:-2.01 -4.73%

    Volume:
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  15. #15  
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    Considering that the Dow took just under a 5% hit today, I wouldn't look to deep into that drop.
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  16. #16  
    RX Semi-God 5teamparlay's Avatar
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    STILL on the downside:

    $37.71
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  17. #17  
    RX Junior HuskerFan1's Avatar
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    lol EVERYTHING on the downside....

    lots of good high yield stocks DIRT cheap out there...
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