LEUCADIA NATIONAL CORP LUK
December 16, 2015 - 6:47pm EST by
ladera838
2015 2016
Price: 16.49 EPS 0 0
Shares Out. (in M): 380 P/E 0 0
Market Cap (in $M): 6,266 P/FCF 0 0
Net Debt (in $M): -815 EBIT 0 0
TEV ($): 5,451 TEV/EBIT 0 0

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  • Investment Bank
  • Mini-Berkshire
  • NOLs
  • Buybacks
  • Sum Of The Parts (SOTP)
  • Conglomerate
  • Trading below book value
  • Capital Allocation

Description

 

I do not hold a position with the issuer such as employment, directorship, or consultancy.
I and/or others I advise do not hold a material investment in the issuer's securities.

Catalyst

Time and repurchases.  Given that the value of the businesses owned by LUK should grow organically over time, the IRR should remain attractive over a wide range of time-frames, unlike an investment priced at a discount to a static value, where the IRR is reduced if the time-frame for value realization is extended.

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