Leucadia National Reports Q3 Loss of $291 Million

Leucadia National ($LUK) just reported a loss of $291 million for the third quarter. Don’t be too alarmed. LUK refuses to follow the Wall Street script of making their earnings report easy-to-read.

The accounting they present is strictly by the book and little is done to make the numbers more accessible for shareholders. Despite the company having a market value of more than $6 billion, no analysts on the Street cover them which gives them even less incentive to play the quarterly earnings game.

Posted by on November 8th, 2011 at 9:04 pm


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