Comments for LM - Stockpickr! Your Source for Stock Ideas

Comments for LM

Added By	Comments	Type	Date Added
gdominco	old heeb, no new heebs	Hate	June 01, 2009
Stockpickr Staff	Legg Mason (LM Quote) shares were also sliding after the money-management firm reported a wider quarterly loss on expenses related to reducing its exposure to risky investment vehicles. <a href="http://www.thestreet.com/story/10496519/1/financial-winners-and-losers-aig.html" target="_blank">Read more here.</a>	Love	May 05, 2009
barrons3	Legg Mason(LM) -- With its 5.3% yield and a brand name that must still hold some cachet, you would like to snap it up until you realize that the company's got about $3 billion in long-term debt. How can that company compete with T. Rowe Price (TROW), which has no debt?	Love	January 29, 2009
rleegreen	good annual track record	Love	January 14, 2009
barrons3	Asiello and Nelson saw the collapse of Legg Mason 's (LM) shares over the past two years, creating a compelling buy. But Sloan was skeptical, as he is with most financials. His co-managers, however, were far more confident about the stock, which by the spring was selling at a ratio of enterprise value to assets under management of just 0.60% (enterprise value is market capitalization plus net debt). "That was nearly a three-quarters discount to the rest of an already beaten-down industry average of 2.25%," says Asiello, who saw this as adequate cover for Legg's potentially troubled structured-investment-vehicle liabilities, client outflows and the performance problems of its once-star portfolio manager, Bill Miller. With $920 billion of assets under management, Legg remains a major, highly respected, well-managed industry player. And it has unrealized synergies, say Asiello and Nelson, from the swap that gave it Citigroup's asset-management business and its acquisition of hedge-fund manager Permal Group. So far, Legg has traded off more than 30% from the fund's average cost of more than $54. But the group hasn't blinked, still believing in its two-year price target of $86.	Love	September 20, 2008
barrons2	Some private-equity firms are taking a page from sovereign-wealth funds and putting money into struggling financial companies. Texas Pacific Group bet on Washington Mutual (WM) and KKR on Legg Mason (LM). Neither has fared well.	Love	August 30, 2008
barrons2	Hold - Price 43.57 on July 1 by Jefferies & Co. LM [recently] announced its fourth round of charges resulting from capital support for struggling SIV [structured-investment vehicle] holdings. Total after-tax charges are expected to equal $154.5 million in F1Q09....Our 48 price target [down from 57] is based on an 10.5 times multiple of our new calendar-year '09 E-EPS, a discount to peers. We believe current challenges in LM's mutual-fund business and SIV exposure will limit near-term multiple expansion. Risks to our estimates include ongoing equity outflows and further SIV-related charges. Market cap: $6.3 billion.	Love	July 05, 2008
mary109	not ready	Hate	June 28, 2008
barrons2	I’m seeing unusual options action, reveals Pete Najarian. Traders are buying the July 45-40 put spread. That suggests this stock could go lowe	Love	June 04, 2008
gadams11	financial in my portfolio	Hate	May 02, 2008
barrons2	Legg Mason has a forward P/E of just 10 based on so-called cash earnings, which adds back goodwill amortization and a tax benefit. With a $9 billion market value, Legg is valued at just 1% of its $1 trillion of assets under management, versus 2% to 5% for most if its peers. One 2008 catalyst could be the naming of a successor for longtime CEO Chip Mason, 71.	Love	January 05, 2008
barrons2	Market Perform - Price 73.15 on Jan. 2 by Friedman Billings Ramsey Including previously disclosed charges, Legg Mason now expects total charges of $89.7 million ($22.2 million after tax, net of revenue sharing), or 15 cents per share this quarter related to structured-investment-vehicle exposure in its liquidity funds. To reflect the SIV-related charges and taking a more conservative view on flows going forward, we're lowering our [fiscal-year] '08 earnings estimate by 12 cents to $4.98 a share and reducing FY09 estimates by 8 cents, to $5.65. Market-cap $9.8 billion.	Love	January 05, 2008
barrons2	"Legg Mason's (LM) Citigroup stake is for sale. How about that piece of business?"	Love	November 29, 2007
cush2874	growth	Love	October 23, 2007
Les Smith	Undervalued	Love	October 13, 2007
sarah z	Legg Mason recently announced it will buy back 5 million shares. Legg Mason reported a 22% increase in earnings for the first quarter of fiscal year 2008, driven by a rise in assets under management. The stock trades for 10x cash flow.	Love	July 25, 2007
Ehilo	Legg mason	Love	June 19, 2007
Rick	Estimate an intrinsic value of $130. ROIC of 8% showing improvement versis last year's 6.2% but should reach 12-13% as Citigroup integration takes hold. EV/Assets under management is only about 1.2% and could easily be 2% as scale benefits develop. Comparable EBITDA margins to JNS at about 27% yet JNS valued at 3.2% of AUM. JNS experiencing portfolio manager defections whereas LM's losses are executive or administrative, of much less significance to customer base.	Love	June 05, 2007
rcs700	undervalued money-machine	Love	May 07, 2007
kll	best financial?	Love	April 12, 2007
Barrons	Chip Mason: Indigestion from Citi purchase	Hate	March 24, 2007
andres toro	activity	Love	February 08, 2007
tom oconnor	Overlooked stock despite huge assets that appears to be a better value price wise that their better known competitors	Love	January 31, 2007
Ron Britton	undervalued	Love	January 30, 2007
Jim Alexander	Strong management, proven skills and delivering on its plan.	Love	January 28, 2007