Legg Mason: Quintessential Bear Market Value Play - Timothy Travis

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Legg Mason: Quintessential Bear Market Value Play
Jul 29, 2008 02:08 PM UTC

Timothy Travis

Return	Risk
-31.39%	LOW

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Symbol	Sentiment	Start	Return	Closed
LM		07/29/08	-26.04%	--

Via Long Investment Ideas from Seeking Alpha:

Often during a bear market quality companies can be bought for fractions of their intrinsic value, and one of the clearer examples of this in the current market panic is Legg Mason (LM). Legg Mason is a diversified asset manager with substantial assets under management in equities, bonds, money markets, and fund of funds. Contrary to public perception they are not overly reliant on any one fund or manager but instead they have a broad array of managers and asset classes to offer investors in their funds and separate accounts.

At the close of trading on July 28, 2008 LM had the following statistics:

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