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LM Analysis & Videos »
LM: Bull or Bear?
Legg Mason Inc
LM
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-5.40%
in
7 days
 
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Lg Mason, which is headquatered in Baltimore, is a global asset management firm with over $891 billion in assets under management around the world. Through its domestic and international subsidaries, the firm serves the institutional, mutual fund and wealth management markets.Legg Mason world-class performance in both equity and fixed income, domestically and internationally. We take a disciplined, long-term view, because our goal is to deliver consistently superior investment performance over time -...
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Five Great Businesses Currently on Sale
LM
-43.10%
in
331 days
The best time to buy is when we have a negativity bubble. This great nation of ours is in a deep pessimism. We have not seen consumer sentiment this low for decades (see following chart). click to enlarge
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Legg Mason: Quintessential Bear Market Value Play
LM
-39.62%
in
339 days
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 stat...
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Trading Earnings: Legg Mason (LM)
LM
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+37.19%
in
344 days
Legg Mason, Inc (LM) is set to report earnings before the market opens on Friday, July 25th. Legg Mason is a global asset manager with $950 billion in assets under managements and serves the institutional, mutual fund and wealth management markets. LM is expected to earn 13 cents per share for its ist quarter. We expect Legg to announce earnings that will miss investors’ and analysts’ expectations. We think that it is likely that during the conference call management could lower the company’s profit outlook going forward. <>Analysts’ estimates have been coming down for t<><><><><><>...
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Asset management firm on its way down
LM
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+30.58%
in
355 days
Legg Mason is one of the leading asset management companies.Its fund manager is the legendary Bill Miller who had beaten the markets for 15 years straight.
Why short?
1.stocks
Bill Miller is very bullish on the economy and had loaded up on financials like C,JPM,ML,FNM,COF,AIG.His top holding also include Aetna,UNH,Sears,Amazon,EBay all of which I am bearish on.
http://quicktake.morningstar.com/fundnet/Holdings.aspx?Countr...
Another way of looking at it is the fund has 20% + representation for financials and consumer services.Both of them are going to be destroyed.A m...
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At Legg Mason, the Daylight You See May Be a Train
LM
+59.64%
in
423 days
I came across this great article on LM's earnings miss today. Here's a teaser:
<>Today was Mark Fetting’s first earnings call as CEO of Legg Mason. He was presiding over its first quarterly loss since the company went public in 1983. Losses are pretty rare for asset management companies.<>Fetting seemed a bit nervous. In his opening remarks, he used the term “focused” nine times in describing how to deal with Legg’s many problems. The underperforming investment teams are “focused.” The U.S. distribution teams remain “focused.” Bruce Sherman and Greg Powers, two of Legg’s worst performing manag<><><><><><><>...
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Bearish on LM ...
LM
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+17.38%
in
43 days
(closed on 11/17/07)
worst 2 year performance on a undervalued stock. I agree on your thought on liberals (whats yours is mine mentalaty) they are a real headacke on the free enterprize system.
Gene
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Neighbor Lady Says....
LM
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+12.01%
in
55 days
(closed on 11/28/07)
Three years ago I moved next door to a 3itch that works for Legg Mason. Now before any of you start to think that i must be loaded living next door to a Legg Mason player. Think agan. I am a simple man and like most simple men I live next door to uneducated liberal dickheads that know the answer to everything and because they are feely people they have the RIGHT to act on what they know. Before neighbor lady started activly ACTING on what she KNEW by vandilizing my property whenever I was out of town we use to chat. <> When a hurricane was brewing she tipped me of on a penny POS...
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Undervalued Asset Manager
LM
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-71.46%
in
643 days
It is not hard to compare LM's assets under management vs. peers and eventual earnings and PE ratios and recognize some serious differences in valuation. Here's Leggs problem. Their assets they bought from Citigroup have had redemption problems. Legg recently was hit because Miller's Value fund didn't do well during the recent credit crunch and perceptually, since they were already having redemptions and Miller is so visible, the stock got hit again. Let's separate some stuff for a second. LM equity AUM is over $300 B. Miller's Value Trust is about $19 (from memory). The problem i< />< />...
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Nuveen Takeover-Think aBout Legg and Federated
LM
-75.88%
in
743 days
Nuveen Investments ( JNC ) announced this morning that it was being taken over by Madison Dearborn for $65 per share. JNC has assets under management (AUM) of about $165 billion roughly half of which is equities. The takeout valuation is 16 times trailing EBITDA and about 3.4% of AUM.
I think other asset management companies look starkly cheap in the light of this transaction.
Readers are aware of our positive views on Legg Mason ( LM ) It is trading at only 11 times TTM EBITDA and about 1.4% of AUM.
Janus Capital ( JNS ) though frequently rumored as a potential t...
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People Bullish on LM
People Bearish on LM
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wlu8140
(+10.13% risk: conservative)
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where do we go from here
- The S&P has now broken the low of 6/12/06, 1219.29. The next stop is 1168.20 of 10/10/05. The Dow and the Nasdaq are in similar situations. I origanall...
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About Legg Mason Inc
- Answers.com
