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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (44765)	4/28/2008 1:49:20 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69255

Indie Research "Mini-Berkshire" Leucadia Searches the Financial Sector for Value Friday April 25, 10:12 am ET By the tickerspy.com Staff Diversified holding company Leucadia National (NYSE: LUK - News) has frequently been called a "mini-Berkshire Hathaway" (NYSE: BRK-A - News, BRK-B - News) because of the firm's ability to bring in impressive returns from investments in a wide variety of sectors, ranging from medical products, to telecommunications, to wineries. ADVERTISEMENT Chairman and CEO Ian Cumming and President and COO Joseph Steinberg recently made a splash by announcing a big equity stake in investment bank Jefferies (NYSE: JEF - News), which like many Wall Street firms has been hit hard by the credit crunch. Investors clued into Leucadia's incredible track record watch the firm's moves closely; an investment in Cumming and Steinberg's firm has returned an astonishing compounded annual growth rate of 33.9% since inception, according to the firm's most recent annual report. Though Leucadia invests in a wide range of firms, it has stakes in only a handful of U.S.-listed equities (the Jefferies stake will soon be disclosed to the SEC as well). Aside from Jeffries, Leucadia appears to be looking selectively for value elsewhere in the financial sector. Its most recently disclosed holdings, from the end of 2007, include independent auto finance company Americredit (NYSE: ACF - News; and Leucadia has continued to up its stake there since the start of the year, according to SEC filings) and financial services firm International Assets Holding Corporation (Nasdaq: IAAC - News). Leucadia also has a stake in independent oil and gas company GeoResources (Nasdaq: GEOI - News). Looking at tickerspy.com's graph charting the performance of Leucadia's end-of-Q4 holdings year to date, one can see that the holdings have been quite volatile. If you want to see how your performance stacks up to this "mini-Berkshire" or to just see some of the other stocks it's invested in, visit tickerspy.com to see the firm's top holdings and a chart of their combined performance. Pro portfolio performance is based on institutions' top-15 holdings as disclosed in quarter-end filings with the SEC. Pro performance does not take into account additional holdings beyond the top 15 nor does it include positions that are not required to be disclosed by the SEC. As such, Pro portfolio performance should be considered an approximation and not a precise record of how an institution has performed over time. Tap Into the Market Intelligence of Investment Pros & Individual Investors at tickerspy.com: Newly launched by Indie Research, tickerspy.com is a FREE financial website that lets you TRACK multiple stock portfolios, FIND and SHARE the latest news about the companies you follow, and SPY on the portfolios of nearly 2,000 Wall Street institutions and hedge funds and see graphs of their performance. Best of all, find out how YOU stack up against investing legends like Warren Buffett. Try tickerspy.com today!