Leucadia’s Earnings Report

I like to call Leucadia National ($LUK), “the Greta Garbo of stocks.” They only say exactly what they have to say, and no more.

This is from their press release which came out after today’s close:

Leucadia National Corporation today announced its operating results for the three month period ended March 31, 2011. Net income attributable to Leucadia National Corporation common shareholders for the three month periods ended March 31, 2011 and 2010 was $10,507,000 ($.04 per diluted common share) and $191,479,000 ($.78 per diluted common share).

Well, that’s pretty much it except for the financial statements. Here’s the 10-Q which goes into much greater detail.

Unlike most other companies, Leucadia doesn’t break down their earnings into non-GAAP numbers to make the earnings easier-to-understand.

My rule is to look at LUK’s book value per share. According to today’s report, that’s running at $28.25. The guideline I use is that LUK should go for 1.5 times book value which gives us $42.47. LUK closed today’s trading at $36.16 so I still think it’s a good buy.

Posted by on May 5th, 2011 at 9:38 pm


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

Tickers: