Leucadia has always been a fascinating company to me in that its founders’ Ian Cumming and Joseph Steinberg, have established a company with an extraordinary track record of building shareholder value with a wide variety of obscure businesses.  Now, Cumming and Steinberg have stepped down and the company is being led by Richard Handler and...Read More

Below is our analysis of today’s announcement that Jefferies (JEF) is being bought by Leucadia.  Enjoy! http://seekingalpha.com/article/1001191-jefferies-acquisition-makes-a-ton-of-sense-for-leucadia INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.Read More

Jefferies (JEF) is up nicely today off of a recommendation form Dick Bove of Rochdale Securities LLC.  Jefferies recent deal to help save Knight Capital Group (KCG) is a potential goldmine for Jefferies, and the mid-tier investment bank has been performing quite well in comparison with competitors.  The current valuation for Jefferies is very attractive...Read More

This article provides interesting insight into the buoyant market for junk bonds.  Investors hungry for higher yielding investments have been willing to offer very favorable terms to companies in less than ideal financial condition.  This is actually a decent time to be investing in junk bonds as the economy is improving but has likely not...Read More

http://www.bloomberg.com/news/2012-03-22/wall-street-profit-estimates-raised-by-analysts-after-jefferies.html INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.Read More

After reviewing the Jefferies earnings call I’m very optimistic as to how this quarter should shake out for the other financials.  CEO Richard Handler has done an amazing job with Jefferies, in the most difficult of environment.  I really appreciate the way that he has opportunistically bought back stock and debt at favorable prices, and...Read More

Today (JEF) Jefferies released their earnings which drastically beat low expectations, and as a result the stock is up about 20%.  This is an extremely well run investment bank, and the largest shareholder’s are Leucadia, and the CEO Richard Handler.  Both Handler and Leucadia have proven to be extremely astute managers and investors in the...Read More