Earnings growth in the past 5 years is at 25.6 percent with an operating cash flow of 422.3M. We believe the company is ripe for growth this year and expect steady gains.
http://www.leggmason.com/
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Legg Mason, Inc. (Legg Mason) is a global asset management company. Acting through its subsidiaries, the Company provides investment management and related services to institutional and individual clients, company-sponsored mutual funds and other investment vehicles. The Company offers these products and services directly and through various financial intermediaries. It divides its business into three divisions: Mutual Funds/Managed Services, Institutional and Wealth Management. Within each of its divisions, the Company provides its services through a number of asset managers, which are individual businesses, each of which is housed in one or more different subsidiaries, which typically market their products and services under their own brand name. During the fiscal year ended March 31, 2006, the Company acquired Permal Group Ltd, a global funds-of-hedge funds manager. It also exited from the non-asset management businesses.
$100.2 (04/26/07)
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