So this is what it comes down to. Leucadia (LUK) buys Jefferies (JEF) and solves some problems with one deal: Succession: since Handler will become CEO of the post-merger Leucadia, succession is no longer an issue. Handler is well regarded and is known to be a very solid, conservative manager. I have no problem with Handler at…
Tag: JEF
JEF Up 20%
So it’s nice to see Jefferies Group (JEF) stock up 20% today to just over $14.00 after dipping below $10.00 at one point in November. Despite the panic and near-run on JEF due to a faulty report be Egan-Jones, JEF managed to make money in the quarter. The market is relieved and the stock price…
Cheap and Cheaper
I know, this is a broken record blog. We all know financials are cheap and we all know there are plenty of reasons why they are cheap and why they might be right to be priced cheap. However, I tend to still like the well-managed financials. This is laughable and I don’t mean to suggest…
Stunningly Bad Analysis
I can’t believe how sloppy and bad some of these credit rating agencies are, and it’s really obvious how dangerous they are. We saw how sloppy and bad they were when things melted down in 2008/2009, but this came as a surprise because the perp is Egan-Jones, a small rating agency that wants to compete…