Alekbaylee Posted February 27, 2009 Share Posted February 27, 2009 http://ca.news.finance.yahoo.com/s/27022009/34/biz-f-business-wire-leucadia-national-corporation-announces-2008-results.htm Link to comment Share on other sites More sharing options...
oldye Posted February 27, 2009 Share Posted February 27, 2009 I'm not a wine guy but I tried the Pine Ridge brand from Trader Joe's this week and it was something else. When these guys say Premium they mean it, it was a 64$ bottle! Link to comment Share on other sites More sharing options...
frog03 Posted February 28, 2009 Share Posted February 28, 2009 Interesting to see the BVPS around 11 (from 25 a year earlier). Probably down a bit more with ACF and JEF being significantly down YTD. I'd think the stock price will go down a bit more to reflect these numbers. Link to comment Share on other sites More sharing options...
Parsad Posted February 28, 2009 Share Posted February 28, 2009 I'm not a wine guy but I tried the Pine Ridge brand from Trader Joe's this week and it was something else. When these guys say Premium they mean it, it was a 64$ bottle! Well Oldye, I'm glad someone can still afford $64/bottle right now! ;D It's a recession. Shouldn't we all be drinking only peach schnapps? Cheers! Link to comment Share on other sites More sharing options...
scorpioncapital Posted February 28, 2009 Share Posted February 28, 2009 Interesting to see the BVPS around 11 (from 25 a year earlier). Probably down a bit more with ACF and JEF being significantly down YTD. I'd think the stock price will go down a bit more to reflect these numbers. I don't think this is an accurate assessment of the situation. The $25 book price per share last year included a deferred tax asset of $1.6 billion or about $7.5/share. The $11/share book price of 2008, EXCLUDES this tax asset. So the comparable figures are: 2007 - $17.5 (adjusted to exclude the deferred tax asset) 2008 - $11.2 -- 36% drop in comparable book value. Likewise, after year end, the net loss to JEF/ACF of about $230 million is somewhat offset by gains in Fortescue for a net futher loss of $52 million or $0.21/share. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now