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Strategies & Market Trends : Buffettology -- Ignore unavailable to you. Want to Upgrade?


To: jhg_in_kc who wrote (2533)6/16/2000 12:56:00 AM
From: James Clarke  Read Replies (1) | Respond to of 4690
 
Leucadia was profiled in Barrons last week as "Baby Berkshire". Two vulture investors, concentrating on the insurance industry, great track record, stock down...hmm.

They have a soft bid out for Reliance (REL). Its a stock deal, and if it goes through if you buy REL now, you'd be getting LUK at a 40% discount.

There appears to be significant risk that the deal doesn't happen, but I'm in anyway. This is a probability game.