NEW YORK--(BUSINESS WIRE)-- Jefferies Financial Group Inc. (NYSE:JEF), formerly known as Leucadia National Corporation, announced today that its shareholders have overwhelmingly voted in favor of changing the name of Leucadia National Corporation to Jefferies Financial Group Inc., which is effective immediately. As of trading tomorrow, Jefferies Financial Group Inc. will trade on the New York Stock Exchange under the ticker symbol JEF.

Jefferies’ CEO, Rich Handler, and President, Brian Friedman, noted, “Changing our name to Jefferies Financial Group Inc. reflects that we are now a diversified financial services company, and Jefferies is by far our largest business and our engine of opportunity. We will continue to use the wonderful Leucadia name in our asset management and merchant banking activities where its reputation for long-term value creation is widely recognized.

https://www.cnbc.com/2018/05/23/business-wire-leucadia-national-corporation-changes-name-to-jefferies-financial-groupainc.html

NEW YORK--(BUSINESS WIRE)-- Jefferies Financial Group Inc. (NYSE:JEF), formerly known as Leucadia National Corporation, announced today that its shareholders have overwhelmingly voted in favor of changing the name of Leucadia National Corporation to Jefferies Financial Group Inc., which is effective immediately. As of trading tomorrow, Jefferies Financial Group Inc. will trade on the New York Stock Exchange under the ticker symbol JEF.

Jefferies’ CEO, Rich Handler, and President, Brian Friedman, noted, “Changing our name to Jefferies Financial Group Inc. reflects that we are now a diversified financial services company, and Jefferies is by far our largest business and our engine of opportunity. We will continue to use the wonderful Leucadia name in our asset management and merchant banking activities where its reputation for long-term value creation is widely recognized.

https://www.cnbc.com/2018/05/23/business-wire-leucadia-national-corporation-changes-name-to-jefferies-financial-groupainc.html

I was reading Motley Fool and bought some. They say within 5 years this

Looks like this stock is ready to test 21-22 price range

BRILLIANT MOVE...

LUK AND FXCM HALTED PENDING NEW$$$= http://www.marketwatch.com/story/leucadia-shares-halted-pending-news-2015-01-16

Wow DIVIDENDS are nice... don't see that in the OTCpk sectors... Thanks LUK!!!

I haven't followed LUK for some time so I haven't any insights to offer.

new to this stock... Anybody have a idea as to why this is going down??

Credit unions have a greater basis of different "shareholders", often "shares" are not traded, and their "share"/finanial structure is not designed as to generate maxium profit for shareholders, but to generate a positive public interest among "shareholders" and customers environment.

Old posting, still valid, but the diversified investment strategy of LUK makes them an excellent investment for shareholders.
No high return for shareholders, but their diversified portofolio gives stability to the company long-term.

Looking solid.

Interesting...

Spinoff From Leucadia Complete, Crimson Wine Group Begins Trading Under CWGL Ticker

http://www.stockspinoffs.com/2013/02/26/spinoff-from-leucadia-complete-crimson-wine-group-begins-trading-under-cwgl-ticker/

IMO these guys at LUK only buy companies that they know are trading well below their true value. In value investing circles the two founding principals of Leucadia are more than legends.

This stock is for the real home gamers that don't trust wall street research, and do their own dd.
These guys are so frugal they don't even put pictures in their annual report. Im going to start accumulating and not going to stop:)

~ Wednesday! $LUK ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $LUK ~ Earnings expected on Wednesday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








http://stockcharts.com/h-sc/ui?s=LUK&p=D&b=3&g=0&id=p88783918276&a=237480049




http://stockcharts.com/h-sc/ui?s=LUK&p=W&b=3&g=0&id=p54550695994



~ Google Finance: http://www.google.com/finance?q=LUK
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=LUK#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=LUK+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=LUK
Finviz: http://finviz.com/quote.ashx?t=LUK
~ BusyStock: http://busystock.com/i.php?s=LUK&v=2


<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=LUK >>>>>>



http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.

Leucadia National (LUK) is an investment company that has among its holdings 28% ownership in the investment bank Jefferies Group, 18% of Inmet Mining, 50% of Berkadia (a commercial mortgage servicer and loan originator owned 50/50 with Berkshire Hathaway), Conwed Plastics, Idaho Timber and other companies. Leucadia's [price/earnings/growth] is an extremely low 0.09, based on the average of the three-, four- and five-year historical EPS growth rates. This is a result of the company's low P/E and high growth rate. In addition, [the company's debt level] is perfectly fine.

We should be able to look forward to high interest rates on savings, CD's, And money market accounts when they try to slow it down. :~) Isn't that what happened in the late 70's, early 80's?

The feds are supposed to turn inflation loose on Nov 2nd. Cash will lose value faster.

Time to run for the hills?


Gain/Loss Since Purchase +1.13%

You will see an appropiate adjustment in the stock price when they do it.

Weyerhaeuser gains 6% on special dividend plan
SAN FRANCISCO (MarketWatch) -- Weyerhaeuser Co. shares rose 6% to $38.11 Monday after the forest products company said it would pay shareholders a special one-time dividend worth $5.6 billion. The dividend, to be paid Sept. 1 to shareholders of record July 22, is part of Weyerhaeuser's plan to convert to a real estate investment trust. Shareholders can elect stock or cash for the special dividend, with the total cash payment limited to 10%, or $560 million, of the total distribution, the company said. If cash elections exceed the approved amount, shareholders will receive a pro-rata amount...

What do you think of the WY special divvy? $26.45 per share?

An All-Weather Stock Named Leucadia
http://www.fool.com/investing/general/2010/03/22/an-all-weather-stock-named-leucadia.aspx

Rick Steier
March 22, 2010


Back in March of 2009, when the market was cratering, I grabbed a harness, strapped it around my waist, and held onto the side of my house as the ground caved in beneath me.

At the same time, I mentally put together my shopping list of stocks. There were several world-class companies that were being hammered, and I knew the time was about right to run to my computer, and buy, buy, buy. My first choice was Leucadia National Corporation (NYSE: LUK), a stock I'd been watching for many years, but always waited in vain for it to drop big so I could buy in.

Normally, I have pretty strict criteria for what stocks I buy, but in a market crash like last year's, many of those rules get suspended. In uncertain times, you must be flexible. The reason I chose Leucadia first is because I instinctively knew that this was a company that would still be standing while others lay in crumpled heaps at the bottom of the aforementioned crater. It had survived other crashes. It would survive this one.

My decision was based on several factors.

Management
Business model
Taxes
Liquidity
Transparency
Track record
Picking up Leucadia's pieces
Chairman Ian Cumming and President Joseph Steinberg have been with Leucadia since the late 1970s. Consistency of management is sometimes hard to find, but 30 years running the same company tells me that these two men are totally devoted to Leucadia and its shareholders. You did not see them cashing in their stock, stuffing their pockets full of cash, and running for the hills. That's because they've always put their insider holdings where their mouths are. Mr. Cumming directly and indirectly holds over 22 million shares, or about 7% of the outstanding shares, while Mr. Steinberg owns over 25 million shares directly and indirectly.

I'm always leery of comparing any company to Berkshire Hathaway (NYSE: BRK-B), but the truth is that Leucadia is a diversified holding company in a variety of businesses. Here's just a sample of what they own: timber, plastics, prepaid phone cards, oil and gas drilling, timeshare management, gaming, real estate, land development, medical product development, a winery, 25% of subprime auto financier AmeriCredit Corporation (NYSE: ACF), and a 29% stake in the investment bank Jeffries Group (NYSE: JEF).

Can you feel the love? All those juicy businesses wrapped up under one banner? It's like having your own private entrepreneur doing legwork just for you. And like any good entrepreneur, they don't just buy things willy nilly. They have a specific set of rules for what they choose.

Leucadia's "Rules of the Road" are:

Don't overpay, no matter what the madding crowd is up to.
Buy companies that make products and services that people need and want, and provide them as cheaply as possible with consistent high quality. Lower cost and higher quality is a relentless and never-ending task.
Earnings sheltered by NOLs are more valuable than earnings that are taxed!
Compensate employees for performance, and expect hard work and honesty in return.
Don't overpay!
All these businesses give Leucadia a great deal of flexibility. It has $154 million in cash on its balance sheet as last reported, and holds large chunks of public companies such as Jeffries, AmeriCredit, and even Australian stocks. Therefore, Leucadia can raise cash whenever it needs to via stock sales. Cash on hand, coupled with revenue from all its different sources, has been more than enough to cover interest payments on $1.66 billion in long-term debt. Liquidity rules.

Leucadia even has a shareholder bonus associated with owning all these different entities. See, if any of them have a net operating loss carryover on their books, Leucadia absorbs it -- at this time, they've got $6 billion worth. This means that when they sell some of their assets, or realize profits from some of them, they pay no tax. This is reminiscent of another of my favorite companies, Liberty Media (Nasdaq: LINTA), whose visionary, Chairman John Malone, created complicated deal structures to avoid paying income tax to the federal government.

House of bricks
Leucadia's returns have been stellar. It went public in 1987 -- around the time of the big crash -- at an adjusted price of $0.18. Today it's over $25. You've made almost 140 times your money in 23 years. The S&P 500 has "only" quadrupled during the same period.

So back in 2008, when the stock fell off a cliff, and again in 2009, when it kept tumbling, you may now understand why I jumped in. I mean, when a company like this drops 50%, 60%, or 70% off of its highs, the time was right to go get a bargain.

Someday, after the world has been obliterated in by our own hand, or by freaky green aliens from another planet, living organisms will make their way to the one place they will be able to rebuild from: Leucadia's headquarters in New York. It's likely to be the only place left standing.

I had better get to work instead of sitting here posting on message boards - lol

Uh Oh! Man! How time flies! 3 years already? Looks like you're running out of time!

LMAO!

Mortgage woes get better ... beginning of the end?
Bankers report slower rate of delinquencies, foreclosures.

"We are likely seeing the beginning of the end of the unprecedented wave of mortgage delinquencies and foreclosures that started with the subprime defaults in early 2007," said Jay Brinkmann, chief economist of the Mortgage Bankers Association, in a written statement.

http://www.marketwatch.com/story/home-foreclosures-start-to-tail-off-mba-says-2010-02-19?siteid=nwham

Yep.... I am in seventh heaven.

This works for me..... I am making a lot of money buying houses from the banks at a 50% discount, putting a little money in rehabbing them, and selling them.

Looks like you'll have plenty of time to add to your inventory.

The Coming Foreclosure Flood

The bottom line: just counting the homeowners who are currently behind on their mortgages, along with the existing number of foreclosures for sale, at the current pace it will take nearly three years to sell all the foreclosures out there.

http://www.housingwatch.com/2010/02/17/the-coming-foreclosure-flood/?icid=main|htmlws-main-w|dl2|link3|http%3A%2F%2Fwww.housingwatch.com%2F2010%2F02%2F17%2Fthe-coming-foreclosure-flood%2F

Berkshire Hathaway, Inc. And Leucadia National Corporation Venture Wins Auction For Capmark Loan Unit-DJ
November 24, 2009

Dow Jones reported that according to Bloomberg News, a venture between Berkshire Hathaway Inc. and Leucadia National Corporation has won an auction for the loan-servicing group of bankrupt Capmark Financial Group Inc. The venture, called Berkadia, increased its offer by about $25 million to beat out an affiliate of PNC Financial Services Group Inc. (PNC). The deal is valued at about $468 million.

Except that it is Dilution with a capitol D which means inflation with a capitol I at some point.

What? The fictitious trillions they're typing to one another?

No, but I'm not too happy about all the government spending.

Have you seen this? A little perspective.........

http://www.pagetutor.com/trillion/index.html

You think we're heading into a black hole?

Due to recent budget cuts and the rising cost of electricity, gas and oil, as well as current market conditions, the Light at the End of the Tunnel has been turned off.

Wish it paid a dividend. I wouldn't mind a few shares....

They have to do the split to complete the acquisition of BNSF. Since part of the buyout is BRK shares for BNSF shares and the BRK shares need to be a lower dollar amount since they can't award fractional shares in all cases.

You can soon own a little piece of Buffett

January 19, 2010: 11:33 AM ET

NEW YORK (Fortune) -- It's about to get a lot cheaper to buy shares in the company run by America's most celebrated investor, Warren Buffett.

Shareholders of Buffett's Berkshire Hathaway (BRKA, Fortune 500) are scheduled to meet Wednesday to approve a stock split covering one class of Berkshire shares. The split would cut the price of these shares to around $66 each, from a recent $3,300.

http://money.cnn.com/2010/01/19/news/companies/buffett.split.fortune/index.htm?eref=aol

Leucadia National Corporation Announces First Quarter 2009 Results

Last update: 5/7/2009 5:23:00 PM
NEW YORK, May 07, 2009 (BUSINESS WIRE) -- Leucadia National Corporation (LUK) today announced its operating results for the three month period ended March 31, 2009. Net loss attributable to Leucadia National Corporation common shareholders for the three month periods ended March 31, 2009 and March 31, 2008 was $140,007,000 ($.59 per diluted common share) and $95,824,000 ($.43 per diluted common share), respectively.
For more information on the Company's results of operations for the first quarter of 2009, please see the Company's Form 10-Q for the three months ended March 31, 2009, which was filed with the Securities and Exchange Commission today.

nice entry. been trying to free up cash to get in this one. missed the last 10 points run. hopefully these levels will stick around. eom dsp

LUK IS THE NEW BRK-A,IN AT $13.80

They are to some extent, but it is possible for them to fail. If you have less than $250,000 in them you are protected though.

At least you can't buy stock in them - lol

I heard credit unions were safer than the traditional bank.

I keep my money with USAA.

"Regulators seize two large corporate credit unions

By John Letzing

Last update: 7:38 p.m. EDT March 20, 2009

SAN FRANCISCO (MarketWatch) -- The National Credit Union Administration Board said Friday it has placed two large corporate credit unions into conservatorship "to stabilize the corporate credit union system and resolve balance sheet issues." The NCUA said Lenexa, Kan.-based U.S. Central Federal Credit Union and San Dimas, Calif.-based Western Corporate were placed into conservatorship "to protect retail credit union deposits and the interest of the National Credit Union Share Insurance Fund." U.S. Central has roughly $34 billion in assets and WesCorp has $23 billion in assets, the NCUA said. Corporate credit unions are chartered to act as a sort of clearinghouse for credit unions serving consumers."

Assets Over Earnings
Wednesday February 18, 9:00 am ET
ByTim Melvin, RealMoney.com Contributor

I am forcing myself to look for signs of a recovery every day. One thing I've been focusing on is what worked in past bleak economic times. There were investors who did very well, for example, throughout the 1970s. The key seems to be focusing on assets.

Do not tell me about earnings right now -- I do not care and neither does the market. National Oilwell Varco had a great earnings report and the stock was hammered. Given the state of the economy, anyone who issues an earnings forecast and uses it to value stocks is living in a dream world. It will be impossible to predict economic activity and earnings for several quarters.

I want to buy assets on the cheap right now. Give me a pile of bricks, mortar, metal or, best of all, cash that I can buy at a discount-to-appraised value. Even if a building goes down another 25% from current levels, if I paid 70% of current value in the first place, I am probably OK. When a recovery does begin, there will be a scramble to buy cheap assets to fuel future growth and I want to be sitting here with a pile of them to sell.

My asset stocks are not going to cause me to lose much sleep. Since I avoid debt-laden companies, my only concern is that they use assets improperly or sell them at ridiculous prices. Even in a bad economy, stocks like Adaptec and Sycamore Networks that sell for cash balances are worth more than the current stock price.

Winn Dixie has cash, assets and a decent business. They are not the market leader in the grocery business, but they are holding their own. Hilltop Holdings not only trades for less than cash, but it's uniquely positioned to benefit from the current mess in the banking business. Gerald J. Ford controls the company and has made billions buying distressed banks.

Despite the withdrawals and ongoing death watches for activists and private equity investors, there are a few still standing and we will start seeing 13HF filings soon. Watching their purchases can help you find asset-rich stocks worth some attention.

Many of them are also focused on assets and will be a source of ideas. It was buying by Bruce Berkowitz that tipped me off to how cheap the eclectic portfolio of assets held by Leucadia had become. Keep in mind that 13F filings are a source of ideas only -- do your own homework on these stocks.

I do not think we are out of the woods yet. There are still more problems to come in the real estate market, while foreclosures continue to be a problem. Earnings will not improve in the second quarter. I am not suggesting that you pile into the stock market, but that it will get better someday. As assets come on sale, it makes sense to slowly and carefully build a portfolio of these companies.

The time has come to ignore price to earnings ratios and earnings forecast. Focus on price to tangible book and net cash on the balance sheet. Margin of safety is the key to successful investing in this market. There is simply no safety in unpredictable falling earnings.

That's kinda confusing. I thought you only had to pay taxes on profits. A percentage. Not billions more than you made....