Ticker: LUK Yield 0.49% Up 94.7% in last 12 months. Market Cap: $10.8 Billion
This companies diversified operations include manufacturing, real estate development activities, medical product development, winery operations, residual banking and lending activities, oil and gas contract drilling, gaming entertainment, copper mining in Spain, timber/lumber, metals, communication.
The bulk of income is provided by US Real Estate and public debt and equity securities income. The stocks sold recently: WTM, LVLT, WNG, EMN, PRKR, UAUA.
LUK financial documents lay out its acquisition strategy: In identifying possible acquisitions, the Company tends to seek assets and companies that are out of favor or troubled and, as a result, are selling substantially below the values the Company believes to be present.
For example, the company purchased and is rebuilding The Hard Rock Biloxi after is was destroyed in Hurricane Katrina.
Visit Leucadia's website and read their honest and extermely descriptive annual reports/letter's to shareholders. www.leucadia.com