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Legg Mason Inc. Message Board

focuseddd 10 posts  |  Last Activity: Jul 3, 2014 9:49 AM Member since: Jan 31, 2005
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  • Reply to

    Another isider who's selling???

    by focuseddd Jun 4, 2014 1:50 PM
    focuseddd focuseddd Jul 3, 2014 9:49 AM Flag

    Perhaps it is good news! Gary Shook ..up may be struggling with Sokol and could be on the way out with a new dynamic CEO on the way in . If it is option related he could have borrowed against the shares. Obviously that's why the stock cratered yesterday with the MM's knowing of the sale . I'll just bet Sokol is aware and unhappy about the lack of faith by the 2 insiders selling. Lets just hope the broom sweeps clean and we get some real managers . And while they're at it reduce Boling from CoB. If DS won't take the job John Lee who has faith might be a reasonable alternative!

    Sentiment: Buy

  • Reply to

    Another isider who's selling???

    by focuseddd Jun 4, 2014 1:50 PM
    focuseddd focuseddd Jun 6, 2014 12:44 PM Flag

    Probably not based on news, but perhaps he is wary of the bank making moves to downsize compensation and otherwise more efficient? Could his head be one to fall?

    Sentiment: Buy

  • Perhaps its the free stock that DS hasn't cut off yet . But did you notice the EVP of Finance is also a seller when the two smartest guys in the room are buying. I hope John Lee knows more cuz that's where his money is going! Still have not jettisoned Hartley or the Investment sub. That might be the final shoe to drop before they get their efficiency level sub 65%.

    Sentiment: Buy

  • Certainly happy to see the mortgage operation jettisoned but management gets at best a D- for not disclosing the proceeds. Makes one wonder whether the $300k writedown in the 4th Qtr was enough? Certainly a failure as far as corporate governance and transparency! On the other hand the next operation that needs fixing at once is the investment management sub. which has been a woeful underperformer since it was purchased! Then Shook and company hired a state employee to manage it???? Perhaps you saw recently his exercise and sale of options ( due in 2019 ) for a small gain of about 4pts while DS and other Directors are buying . This guy is a small timer and I hope he took the little profit because he knows he is about to be fired . Definitely has no faith ,is not a team playe,r and has produced no results since being hired. He needs to exit and they either must hire a dynamic aum gatherer or sell this operation as well. Having managed a successful Asset Manager I think this operation has some value to another but continues to be an embarrassment to MBRG. Sell it soon and you could possibly get 20-30 million!! or 3-4$ per share!

    Sentiment: Buy

  • focuseddd focuseddd May 21, 2014 2:42 PM Flag

    Suspect no non- public news as 3 other insiders purchased recently . Personally believe that John Lee with smarts and 38000+ shares has the best insight.

  • focuseddd focuseddd May 8, 2014 4:26 PM Flag

    Still begs the question who was the persistent buyer since it Wasn't DS. I would have guessed that about 4-5% was purchased aggressively over the last six weeks prior to Sokol;s recent purchase of 89,000 shs. and counting.

    Sentiment: Buy

  • So lets assume he bought on Wed & Thursday it might bring him within 60,000 shs of his objective. Its obvious with his fresh management amendment on his registration rights and the improvement in the efficiency ratio DS is in charge. His recent buying caused a collective yawn by the street as his goals and active participation are doubted given his history. So what's changed? Still not a good vehicle for rollups or a mini BH. Must have a surprise no one has considered or believes. Till then he can buy the shares with ease.

    Sentiment: Buy

  • Reply to

    Q1 Earnings

    by neutzling Apr 30, 2014 1:10 PM
    focuseddd focuseddd Apr 30, 2014 1:30 PM Flag

    Its hard but I must agree with your comments. The progress has been slow but most metrics are showing improvements and don't believe that Southern Mortgage was shown as a discontinued operation ? Can't believe the officers were allowed to execise options at $18.45 before the release of good data .The efficiency ratio is finally showing worthwhile improvement as they have succeed in cutting management expenses. Liked what I saw but don't understand how they can grow . Was sorry to see the very overused weather excuse. However they need to keep the momentum going. A small breeze but a breath of fresh air!!

  • focuseddd focuseddd Apr 28, 2014 4:54 PM Flag

    Yes I'm long as you should be. You are a disgusting basher who doesn't know when to get off the pot. Get a life or get counseling!!!

    Sentiment: Strong Buy

  • Reply to

    will be a buy at 30-32 range

    by lost_like_2000 Apr 25, 2014 4:35 PM
    focuseddd focuseddd Apr 25, 2014 5:48 PM Flag

    You are such a pack of cra..... At 30 it will be selling at a 10multiple which just is not going to happen. Stop talking your book and realize that this is one of the greatest companies in a fast growing industry and their penetration of the commercial market is just beginning. I think it should be selling at twice its growth rate or a 34PE + the excess cash that takes it in the Fall to its old high of $76. They'll mop up the bloody carcasses of the Shorts like you!!

    Sentiment: Strong Buy

LM
51.21-0.04(-0.08%)10:48 AMEDT

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