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whitepapers (95.06)

November 2007

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Q2FY08 LM earnings and Bill Miller's letter to shareholders

November 04, 2007 – Comments (0)

Q2 was good but not great for LM. I feel somewhat more content with my selection of LM for my portfolio.  Out of 10, I'd give my confidence in LM as a 6.  I'm not sure why this low.  Overall fund performance has increased some, AUM have increased, and net income is up nicely from last year.  I guess it's hard to be too optimistic with 10 billion in equity outflows.   [more]

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