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Leucadia National Corporation Message Board

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  • edwinclaudi000 edwinclaudi000 Nov 8, 2009 4:59 AM Flag

    Blow-out quarter

    I think someone knows something which we don't. A qtr like this should attract more buyers than sellers. May be the sellers expect a huge correction in commodities/stocks prices down the road, 2nd or 3rd qtr of next year. The demand we are seeing now is the restocking of inventory, which were at the lower end, when compared to the past.

    Everyone expects growth in 2010 to be weak, and what happens to commodity prices once they replenish the inventory.

    LUK is already 9% of my equity portfolio. I am tempted to buy when I see a quater like this. But I will wait for the time being.

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16.28-1.70(-9.45%)Jun 24 4:01 PMEDT