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Legg Mason (LM) beat estimates in Q3, but all is not well, says Susquehanna's Doug Sipkin. Board...

Legg Mason (LM) beat estimates in Q3, but all is not well, says Susquehanna's Doug Sipkin. Board member Nelson Peltz's insistence on buybacks is "hurting recovery prospects," says Sipkin, as every dollar used to purchase shares is a dollar that must be otherwise raised to rebuild the franchise. On deck as organic growth deteriorates could be a Moody's downgrade.
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