Blogs about LUK - Stockpickr! Your Source for Stock Ideas

Blogs about LUK

Blogs	Description	Date Updated
Bruce Berkowitz is Buying	Like Seth Klarman from a previous post, Fairholme's (FAIRX) Bruce Berkowitz is using the market weakness to add shares. Berkowitz added over 7 million share of AmeriCredit (ACF) brining his total to over 21 million shares. From the filing:21,049,200 shares of Americredit Corp. are owned, in the aggregate, by variousinvestment vehicles managed by Fairholme Capital Management, L.L.C. ("FCM")ofwhich 15,588,200 shares are owned by Fairholme Funds, Inc. Because Mr.Berkowitz, in his capacity as the Ma...	October 09, 2008
Leucadia Files 13D/A in AmeriCredit	Leucadia (LUK) tonihjy has filed a 13D/A with the SEC in AmeriCredit (ACF) Applicable portion:ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. Item 5 of the Schedule 13D is hereby amended and restated in its entirety, with effect from the date of this Amendment, as follows: As of the date of this Amendment, the Leucadia Reporting Persons may be deemed to beneficially own an aggregate of 32,715,440 shares of Common Stock, representing approximately 28.1%of the shares of Common Stock outstanding. All...	August 21, 2008
Berkowitz Interviewed in Forbes	Fairhomes's (FAIRX) Bruce Berkowtz gave an interview to Forbes. Here are the relevant passages for us... Link to full article below:Forbes.com: This has been an obviously volatile, frustrating market for investors. How do you see the market behaving for the rest of 2008 and into 2009?Berkowitz: There are two ways you can invest: You can try to predict or you can react. We react. We look for stressed situations and buy if appropriate.I hope that the market stays weak and tough and that it doesn't...	August 15, 2008
Leucadia 10-Q: Pershing Losses Swell	remember in June 2007 when Leucadia (LUK) invested $200 million in Pershing for it Target (TGT) investment? Check this out In its annual report in February Leuvcadia booked an $85 million loss on the investment.In its most recent 10-Q for the first six months of 2008 Leucadia is booking another $31 million dollar loss on the investment.In short it is now down a total of $116 million or 58% in just about exactly a year. It is funny. One has to assume Ackman saw the credit and housing trouble far ...	August 08, 2008
AutoNation (AN) CEO on Earnings	AutoNation (AN) released results today and the news was far better than one would expect given its current operating environment. America’s largest automotive retailer, today reported 2008 second quarter net income from continuing operations of $53 million or $0.29 per share, compared to year-ago net income from continuing operations of $79 million or $0.38 per share. After adjusting for certain items disclosed in the attached financial tables, net income from continuing operations for the 200...	July 24, 2008
More Berkowitz	Bruce talks about Leucadia (LUK), Americredit (ACF), AIG (AIG) and the banks. Also, he goes into Sears Holdings (SHLD) Berkowitz has the correct look at Sears, not just a retailer but a collection of successful entities that when monetized (it is happening), will provide returns. Disclosure ("none" means no position):Long SHLD, None↑ Grab this Headline AnimatorVisit the ValuePlays Bookstore for Great Investing Books Enter your Email Preview \| Powered by FeedBlitz...	June 30, 2008
AutoNation's (AN) Mike Jackson on Gas Tax	You know, if Congress would just listen to Jackson and Dow's (DOW) Andrew Liveris on energy, we would be so much farther along the road than we are now. We recently took a long position in AutoNation (AN). This interview Jackson did was what got me really looking into the company and considering a purchase.This is a multi-year bet as auto sales do not look to turn soon but the demand will continue to build and when it releases, profits ought to flow... It should be noted that famed value ...	June 24, 2008
Leucadia (LUK) Heads Appointed to Jefferies (JEF) Board	In a just released SEC filing. Leucadia (LUK) announced: "Reference is made to the Current Report on Form 8-K filed by Leucadia National Corporation (the “Company”) on April 21, 2008. As disclosed in the original Form 8-K, pursuant to a transaction with Jefferies Group, Inc. (“Jefferies”) entered into on April 20, 2008, Leucadia acquired 26,585,310 shares of common stock of Jefferies, representing 19.98% of the 133,059,610 shares of Jefferies common stock then outstanding and received t...	June 02, 2008
Buying AutoNation (AN)	After watching value investors dive into the market, time to join them. Almost exactly a month ago I took a look at AutoNation (AN) and at the time said "I think one could wait until summer to pick up shares at and not pay too much more than today." Shares sat at $15.96 then a today sit at $15.80. Having just cashed out of our oil (USO) position there are funds laying around for investment. Being hesitant to put more into the retail sector currently, the retail auto sector does look very appea...	May 29, 2008
Leucadia (LUK) Adds To AmeriCredit (ACF) Holdings	Leucadia (LUK), in three transactions added an additional 1.01 million shares of auto finance company AmeriCredit (ACF).Leucadia now holds 30.347 million of the 115 million shares oustanding. Disclosure ("none" means no position):None↑ Grab this Headline AnimatorVisit the ValuePlays Bookstore for Great Investing Books Enter your Email Preview \| Powered by FeedBlitz...	May 29, 2008

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