LM (LEGG MASON INC)
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  • 12/11/09

Why I Love This Stock

By:Stockpickr Staff

Date:05 05 09

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. Read more here.

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By:barrons3

Date:01 29 09

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?

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By:rleegreen

Date:01 14 09

good annual track record

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By:barrons3

Date:09 20 08

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.

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By:barrons2

Date:08 30 08

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.

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By:barrons2

Date:07 05 08

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.

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By:barrons2

Date:06 04 08

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

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By:Pro

Date:11 30 -1

Legg Mason (LM) was upgraded to Market Perform, Wachovia said. Valuation call, as value funds should attract more funds in the current environment. CEO change should also be a positive, and Citigroup has already placed most of its shares on the market.

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By:Pro

Date:11 30 -1

Credit Suisse said it is downgrading Legg Mason (LM) to Underperform from Neutral. Cites poor absolute/equity performance combined with reliance on third party distribution. Lowered target price to $68 from $73.

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By:barrons2

Date:01 05 08

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.

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Why I Hate This Stock

By:gdominco

Date:06 01 09

old heeb, no new heebs

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By:mary109

Date:06 28 08

not ready

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By:gadams11

Date:05 02 08

financial in my portfolio

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By:Barrons

Date:03 24 07

Chip Mason: Indigestion from Citi purchase

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Q. I am a studetn about to graduate...
11.20.09 | 23:08 PM Asked by Amanda Bowen

A. Long term investment considerations: 20%
in OIH ETF; 10% in GDX ETF and 10% in
GDXJ (Van Eck Jr Gold Mining) ETF . . .
If your grandparents were thoughtful
enough to provide you with funds to
become actively involved in the
trading/investing world, communicate
with them on a regular basis in order to
compare their point of view/insight with
other reliable sources . . . including
those reflected on Online School @
http://www.onlineschools.org/2009/10/22/
100-best-blogs-for-future-investors/
and ValueWiki @
http://blog.valuewiki.com/2007/02/26/top
-100-finance-blogs/

Be open/flexible, resourceful, and
pursue due diligence (research). Best of
luck.

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