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Ian Cumming
By admin - Posted on February 10th, 2008
Hmm, looks like the credit issue is throwing up a lot of bargains! Sometime ago we wrote that Leucadia recently purchased a sizable stake in Americredit. The word is now Leucadia has boosted its stake in Americredit by a factor of 2 and currently owns 22.4% of Americredit with a group of partners.
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Hmm, looks like the credit issue is throwing up a lot of bargains! Sometime ago we wrote that Leucadia recently purchased a sizable stake in Americredit. The word is now Leucadia has boosted its stake in Americredit by a factor of 2 and currently owns 22.4% of Americredit with a group of partners.
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By admin - Posted on January 17th, 2008
It appears that Leucadia National (LUK) is acquiring a 11,316,200 share stake in AmeriCredit (ACF) which represents 9.9% of AmeriCredit’s outstanding stock. AmeriCredit Corp is an auto-financing company providing financing services to retail consumers as well as dealers. Leucadia’s cost is roughly $12.9 per share, with ACF shares now trading at $11.2 per share as of market closing on Jan 16th, 2008
It appears that Leucadia National (LUK) is acquiring a 11,316,200 share stake in AmeriCredit (ACF) which represents 9.9% of AmeriCredit’s outstanding stock. AmeriCredit Corp is an auto-financing company providing financing services to retail consumers as well as dealers. Leucadia’s cost is roughly $12.9 per share, with ACF shares now trading at $11.2 per share as of market closing on Jan 16th, 2008
By webmaster - Posted on August 6th, 2006
Leucadia National Corporation, the holding company run by Ian Cumming and Joseph Steinberg has increased their position in Eastman Chemical Co (EMN) and has brought a new position in Lucent Technologies (LUK).
See Leucadia's holdings.
Leucadia National Corporation, the holding company run by Ian Cumming and Joseph Steinberg has increased their position in Eastman Chemical Co (EMN) and has brought a new position in Lucent Technologies (LUK).
See Leucadia's holdings.
By webmaster - Posted on April 19th, 2006
Ian M. Cumming and Joseph S. Steinberg of Leucadia have released its annual report. In 2005 Leucadia reported $1,636 million in after tax income, or $15.18 per share. Book value increased by 61.5%. They worry about the profligate ways of our country’s fiscal policy. The trade deficit is huge and growing and represents debt to foreigners. If these creditors decide precipitously or all at the same time to exchange these markers for other countries’ markers, our big strong bustling nation is in big trouble.
Ian M. Cumming and Joseph S. Steinberg of Leucadia have released its annual report. In 2005 Leucadia reported $1,636 million in after tax income, or $15.18 per share. Book value increased by 61.5%. They worry about the profligate ways of our country’s fiscal policy. The trade deficit is huge and growing and represents debt to foreigners. If these creditors decide precipitously or all at the same time to exchange these markers for other countries’ markers, our big strong bustling nation is in big trouble.
By webmaster - Posted on November 7th, 2005
Leucadia National (LUK) has delivered gains that even trump the Sage of Omaha. Companies mired in bankruptcy and turmoil may look ugly to some investors, but to Ian Cumming and Joseph Steinberg they're downright foxy. Using their publicly traded investment firm, Leucadia National, the duo have built a reputation as master takeover artists who buy distressed companies at discount prices, revive them and sell them for hefty profits.
Leucadia National (LUK) has delivered gains that even trump the Sage of Omaha. Companies mired in bankruptcy and turmoil may look ugly to some investors, but to Ian Cumming and Joseph Steinberg they're downright foxy. Using their publicly traded investment firm, Leucadia National, the duo have built a reputation as master takeover artists who buy distressed companies at discount prices, revive them and sell them for hefty profits.
By webmaster - Posted on May 18th, 2005
Leucadia National (LUK) held its annual shareholder meeting recently where Ian M. Cumming and Joseph S. Steinberg answered questions from shareholders.
Read the 2005 shareholder meeting notes.
(Thanks to Teabone for the notes)
Read the 2005 letter to shareholders.
Leucadia National (LUK) held its annual shareholder meeting recently where Ian M. Cumming and Joseph S. Steinberg answered questions from shareholders.
Read the 2005 shareholder meeting notes.
(Thanks to Teabone for the notes)
Read the 2005 letter to shareholders.
