Legg Mason, Inc. (LM)

XMFMarathonMan (< 20) Submitted: 10/15/06 5:13 PM : Start Price: $86.15 LM Score: -51.29

For my thesis on Legg Mason (NYSE: LM), here is an excerpt from my article, "Legg Mason: Good Buy or Goodbye?" (The Motley Fool, 10/12/2006):

"As a rough rule of thumb, I use 2% of AUM, plus tangible book value, to value asset managers. By that mea...

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weiwentg (86.00) Submitted: 10/12/06 9:32 PM : Start Price: $86.15 LM Score: -51.29

Legg Mason reported that their earnings dropped by a few cents, and the stock went down 10%. There was a small one-time charge, and slightly less management fees because investors shifted to fixed-income. Oh, and there's speculation that money is bei...

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cdecroos (75.80) Submitted: 10/13/06 9:27 AM : Start Price: $86.15 LM Score: -51.29

1. Well run company in desireable industry
2. Currently at 25 - 35% precent discount to intrinsic value ($89 v. intrinsic value of $115 - 125)
3. Additional upside from integration of Citibank assets about return to intrinsic value
4. Short term focu...

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whitepapers (60.66) Submitted: 12/12/06 4:47 PM : Start Price: $88.80 LM Score: -51.12

Legg Mason, Inc

Business:
Legg Mason, Inc. is a global asset management firm that is structured as a holding company. U.S. fund families: LM Funds, LM Partners Funds, Royce Funds and Western Asset Funds. *1

Legg Mason also reiterated its plan to c...

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s1an3 (< 20) Submitted: 10/11/06 3:19 PM : Start Price: $85.60 LM Score: -52.19

I've been watching this for a while, and this is too good a price point to pass up (87).

They're still having integration issues with the Citi aquisition, but once the dust settles, this will be in the 110-130 range in 6-12 months

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TMFBuck (76.21) Submitted: 10/12/06 11:57 AM : Start Price: $86.05 LM Score: -51.08

A great company that is digesting a big purchase. Watch this high margin business model take off over the next couple of years. Post merger cost savings will kick in. Bill Miller won't lose to the market many years. Plus the CFO bought about $1 mill...

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themattgrdt (99.79) Submitted: 10/11/07 11:04 AM : Start Price: $84.76 LM Score: -38.86

A good BMW pick, plus it got picked up by a custom value screen. I'd been going back on forth on whether or not to finally give in and give this thing a thumbs up, and I've decided to take the plunge.

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TMFDitty (98.39) Submitted: 5/26/08 2:20 PM : Start Price: $52.57 LM Score: -23.77

Legg Mason is valued at just 0.75% AUM, but the rule of thumb in investment managers calls for fair value being in the 1% to 2% range. And yet, Bill Miller is one of the best in the business -- so why is the stock trading at such a seeming discount?
...

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nickbaes (73.31) Submitted: 2/12/07 10:19 AM : Start Price: $99.89 LM Score: -52.10

Best asset managers on the planet.

Sherman, Miller, etc...

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gainloss (48.34) Submitted: 10/06/06 11:06 AM : Start Price: $100.10 LM Score: -59.36

The stock got beat up because Bill Miller is underperforming for the first time in a lifetime and nobody has a clue what is happening to the Citi assets. That stock will take off soon...

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