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Legg Mason Inc
LM
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+24.44%
in
137 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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Bullish on LM ...
LM
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-8.68%
in
484 days
Analysts' Recommendation: Hold 30 Days Ago: Hold Analysts' Target: $58 Analysts' Targets Friedman, Billings, Ramsey & C $49 Hold Tuesday, July 01, 2008 Jefferies & Co. $48 Strong Buy Tuesday, July 01, 2008 Credit Suisse $56 Neutral Tuesday, June 17, 2008 Deutsche Bank Securities $80 Hold Thursday, January 31, 2008
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Asset management firm on its way down
LM
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+8.68%
in
485 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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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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From the Blogosphere
Legg Mason Reports Profit
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Legg Mason, Inc. (LM) reported revenues of $659.9 million in its fiscal second quarter, up 8% sequentially, but down 32% year over year.
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Legg Mason Reports Profit
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Legg Mason, Inc. (LM) reported revenues of $659.9 million in its fiscal second quarter, up 8% sequentially, but down 32% year over year.
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LM - Adjustment
The following adjustment was made today on Legg Mason (LM):
22-Sep-09 - CSP Margin Used - CSP 100 LM @ 29.00 -
22-Sep-09 - Combined Cost Basis - DSA 100 LM @ 97.09 -
22-Sep-09 - Continued Trade - STO 1 Nov09 29.00 Put @ 1.40 -
I allowed the stock to get called away at $23 at Sep expiration. Today I sold the Nov09 29 Put to continue the position as a cash secured put (CSP), which increased my cost basis by $600. I closed the second position in BAC for a small profit at expiration.
Current Position Summary:
Stock Investment: $9,709.00
Income Generated: $1,877.90
Percent Income Generated: 19.34%
An...
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LM - Closed
The Legg Mason (LM) position was exercised on Fri and the stock was called away for a profit. The following is the trade history and returns, including IB commissions.
I allowed this second LM CC position to be called away for a small profit to free up the capital.
Trade Results
Stock Investment: $2,672.99
Income Generated: $410.30
Net Profit: $37.31
Percent Return: 1.40%
Annualized Return: 13.41%
Duration of Trade: 38 days
Trade History:
11-Aug-09 - Second Stock Position - BTO 100 LM @ 26.73 -
11-Aug-09 - Initial Call Option - STO 1 Sep09 23.00 Call @ 4.10 - Exercised
18-Sep-09 - Option Exercised -...
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LM - Adjustment
The following adjustment was made today on Legg Mason (LM):
11-Aug-09 - Buy Back & Roll Out/Up - BTC 1 Aug09 20.00 Call @ -6.91 -
11-Aug-09 - Second Stock Position - BTO 100 LM @ 26.73 -
11-Aug-09 - Combined Cost Basis - $11,781.99 200 @ 58.91 -
11-Aug-09 - Interim Trade - STO 2 Sep09 23.00 Call @ 4.10 -
Current Position Summary:
Stock Investment: $11,781.99
Income Generated: $2,148.20
Percent Income Generated: 18.23%
Annualized Income Generated: 8.49%
Net Profit If Called: -$5,033.79
Percent Return If Called: -42.72%
Annualized Return If Called: -19.89%
Days Held to Expiration: 784 days
Trade Hi...
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wlu8140
(-12.21% 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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More Resources
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About Legg Mason Inc
- Answers.com
