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Leucadia National Corporation Message Board

  • robpeters1994 robpeters1994 Sep 17, 2012 9:31 AM Flag

    FMG note

    I seem to remeber that the intererest on the 4% royalty will only be paid if FMG is meeting certain terms & requirements with their lenders, but it would still accrue in either case. Given the chaos with FMG and their debt & creditors, it will be interesting to see how LUK can parlay it into some value or maybe even exchange it for some shares (you never know what the lenders will be open to). Twiggy will probably be getting a 50% haircut soon.

    Sentiment: Buy

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