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LUK

Leucadia National Corporation

6/18/2013, 5:57 PM ET

Quote & Headlines Market Currents StockTalk

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| Earnings
| Dividends
| M&A
| On the move

Tuesday, June 18, 10:23 AM Investment bank Jefferies - now fully owned by Leucadia (LUK) - reports FQ2 profit of $42M, off 34% Y/Y. The company saw a "significant slowdown" in fixed-income trading in March and April, says Leucadia CEO Richard Handler, blaming uncertainty over the Fed's QE program. Comment! [Financials]
Tuesday, June 11, 4:55 PM Leucadia National (LUK) subsidiary Oregon LNG files an application with the FERC for a $6.3B liquefied natural gas terminal with import and export capability. The application also identifies a new route for Oregon LNG’s affiliated pipeline. LUK says the total project would represent the largest privately funded development in Oregon's history. Comment! [Energy]
Thursday, May 9, 3:56 PM Leucadia (LUK): Q1 EPS of $1.08. Revenue of $2.14B. (PR) Comment! [Earnings, Breaking News]
Friday, April 26, 9:16 AM Leucadia National (LUK) declares $0.0625/share quarterly dividend, in line with previous. Forward yield 0.83%. For shareholders of record June 17. Payable June 28. Ex-div date June 13. (PR) Comment! [Dividends]
Thursday, February 28, 7:11 PM Leucadia National Corporation (LUK) declares $0.0625/share quarterly dividend, in line with previous. Forward yield 0.93%. For shareholders of record Mar. 18. Payable Mar. 28. Ex-div date Mar. 14. (PR) 1 Comment [Dividends]
Tuesday, February 26, 12:49 PM Special situations fans might want to have a look at one almost right from the pages of Joel Greenblatt's book. Spun off as part of the Leucadia (LUK)/Jefferies (JEF) merger and now trading is Crimson Wine Group (CWGL.PK). Leucadia owners received 1 share of Crimson for every 10 shares of LUK they owned. It's wine, it trades OTC, and it's not worth a lot - in other words, Leucadia shareholders may end up dumping the stock for reasons having nothing to do with its value. 9 Comments [Quick Ideas]
Monday, February 25, 4:00 PM Leucadia National (LUK): Q4 EPS of $1.83. Revenue of $2.51B (+86% Y/Y) beats by $320M. (PR) Comment! [Earnings]
Monday, February 4, 2:33 PM Jefferies' (JEF) plan to pay $78M to CEO Dick Handler and chairman of the executive board Brian Friedman over the next 3 years is a "credit negative for bondholders," says Moody's. The package focuses pay on too short of a performance period, says Moody's - the sort of thing thought to be at the root of major losses experienced at investment banks. 2 Comments [Financials]
Wednesday, January 30, 4:34 PM Fairholme is closing 3 of its funds to new investors as of the end of February. It's not about heavy inflows; instead Bruce Berkowitz is fed up with outflows and prefers a smaller, core group of investors who understand his deep-value process. Berkowitz might also be having trouble finding investments, having narrowed his holdings to basically just AIG, SHLD, BAC, JOE, CIT, LUK, and MBIA (GGP was sold last night). 7 Comments
Monday, November 12, 2012, 9:10 AM Premarket gainers: TIE +43%. JEF +24%. MYRX +17%. CXS +15%. GILD +12%. CELG +10%. SVNT +7%. SQNM +7%. LUK +7%. RIMM +6%. NKTR +6%. STV +5%. DNDN +5%. CEL +5%. PCP +5%.
Losers: CLVS -41%. STSI -20%. NBG -11%. Comment! [On the Move]
Monday, November 12, 2012, 7:43 AM In conjunction with the purchase of Jefferies, the Leucadia (LUK) board approves a stock buy-back plan of up to 25M shares. Long-term thinkers hopefully, Leucadia's original stake in Jefferies dates back to 2008 when it picked up shares in the high-teens. Jefferies closing price on Friday was $14.27. Comment! [Financials, M&A]
Monday, November 12, 2012, 7:28 AM Leucadia (LUK) announces the purchase of the rest of Jefferies (JEF), offering 0.81 of a share of Leucadia for each share of Jefferies. Jefferies CEO Dick Handler will become CEO of Leucadia. Leucadia already owns 28.6% of Jefferies. LUK shares +2.4% premarket. JEF shares +22% premarket. (PR) 1 Comment [Financials, M&A, On the Move]
Monday, June 18, 2012, 3:29 PM Warren Buffett has been talking housing turnaround for some time, but Berkshire's (BRK.A) relentless pursuit of ResCap's mortgage assets is about as clear a sign as any that he means it. In addition, the company has teamed with Leucadia (LUK) in a commercial mortgage origination and servicing business. 1 Comment [Financials, U.S. Economy]
Monday, December 19, 2011, 4:40 PM Eddy Elfenbein's Buy List beat the S&P 500 each of the last five years, including 2011. He's now out with his 2012 Buy List, with five new names BCR, CA, DTV, HRS and HCBK; he's deleting ABT, BDX, DLX, GILD and LUK. Comment! [Quick Ideas]
Thursday, November 3, 2011, 3:17 PM In for a penny, in for a pound. Leucadia (LUK -1.5%) buys another 1M shares of Jefferies (JEF -3.8%) at $11.84. The buy increases Leucadia's stake in the company by about 2%. (previous) 1 Comment [Financials, On the Move]
Thursday, November 3, 2011, 10:32 AM Moving down in concert with Jefferies (JEF -5.2%) is Berkshire-like Leucadia (LUK -5.8%), a major owner (28% stake at last check) of JEF shares. A major owner of Leucadia ... Bruce Berkowitz's troubled Fairholme Fund (FAIRX). (earlier) Comment! [Financials, On the Move]