Any owners of LUECADIA NATIONAL(LUC) here?

Fishhead

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• Mar 28, 2008

• #1

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.

 

Fishhead

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• Mar 28, 2008

• #2

Sorry, ticker symbol is .........

LUK

 

Fishhead

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• Mar 29, 2008

• #3

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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djefferis

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• Mar 29, 2008

• #4

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.

 

Fishhead

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djefferis said:

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.

Click to expand...

Good analogy

The track record of this stock is absolutely amazing......incredible really.

 

Fishhead

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• Apr 4, 2008

• #6

Fishhead said:

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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Click to expand...

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.






:money8::money8:

 

5teamparlay

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• Apr 4, 2008

• #7

WOW, GOOD STUFF!!!!


Heard about this first hand last night.

 

JustWin

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• #8

FISH -
I've owned this stock in varying amounts since November of 1999 - if you have any questions. get my email from a mod.

 

Fishhead

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JustWin said:

FISH -
I've owned this stock in varying amounts since November of 1999 - if you have any questions. get my email from a mod.

Click to expand...

OK, THANKS!

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

:toast:

 

mj23

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• Apr 4, 2008

• #10

Im a Berk Hath man but will check it out Thanks!

 

5teamparlay

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• May 14, 2008

• #11

STOCK HAS HELD STEADY

Leucadia National Corporation. LUK (NYSE) Delayed Quote Data


4:13pm 05/14/2008Pre-Market After Hours $53.65

 

Dante

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• May 14, 2008

• #12

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)

 

5teamparlay

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• Jul 14, 2008

• #13

the stack has taken a HIT lately:


luk
43.37

 

5teamparlay

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• Sep 15, 2008

• #14

And another hit:

$40.52

Change:-2.01 -4.73%

Volume:

 

TTinCO

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• Sep 15, 2008

• #15

Considering that the Dow took just under a 5% hit today, I wouldn't look to deep into that drop.

 

5teamparlay

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• Oct 6, 2008

• #16

STILL on the downside:

$37.71

 

HuskerFan1

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• Oct 6, 2008

• #17

lol EVERYTHING on the downside....

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