Leucadia National (NYSE:LUK)’s stock; a major attraction for the investors
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Leucadia National (NYSE:LUK)’s numbers seem impressive, which is the primary reason of the company attracting a hoard of investors. In many ways it is like Warren Buffet’s Berkshire Hathaway (NYSE:BRK.A)- calm, playing it safe, investing in steady stocks. Leucadia National (NYSE:LUK) is a stock that is quite reasonable, very lucrative and very alluring to the usual investor on Wall Street. It’s quite rare to find such a stock these days in the market, a stock with such sustainability and steady growth.
Usually, the best stocks, doing great business can be off putting if the price is excessive. Investors won’t be able to buy the stock even if they wanted to and the company’s own economics will lead to its downfall. That’s not the case with Leucadia National (NYSE:LUK). Leucadia National (NYSE:LUK) owns numerous businesses ranging from investment banking to supplying beef and everything in between but the price will take you by a surprise. Leucadia National (NYSE:LUK) offers a price-to-book-multiple offer, which is second to none and bested by none. Leucadia National (NYSE:LUK)’s book value has risen by 350 percent since 2000 as compared to Berkshire Hathaway (NYSE:BRK.A) that grew by 280 percent. So from an angle it’s a Berkshire in the making.
Leucadia National (NYSE:LUK) came out with a great success in the third quarter. Last year during the same quarter, the company posted 9 million in profit but this year the profit came out to be 134 million. The numbers are almost hard to believe. And that’s not a fluke. Leucadia National (NYSE:LUK)’s successful quarters prove that expecting more from it won’t be foolish at all.
The National Beef Subsidiary gave the company some trouble but that too improved with the passage of time. Now, Leucadia National (NYSE:LUK) is looking to gather more investors to invest in the company so that the revenue and the profit would shoot up. Now, what Leucadia National (NYSE:LUK) has to make sure is that its stock price shouldn’t go overboard because then it will become unattractive and pretentious.
Leucadia National (NYSE:LUK) is going through a lucrative period, enjoying steady gains across all its businesses. It’s an ideal progress for any company. However, there is much to be done. Leucadia National (NYSE:LUK) will be looking to attract more investors so that it can expand its business. Investors’ interest in the company will make quite a buzz in the market and more investors will start pouring in their money. In fact the current stockholders will start investing more. Leucadia National (NYSE:LUK) is all set when it comes to making large revenue.
Leucadia National (NYSE:LUK) must also make sure that all the businesses it holds are going steady because losses at this point can be quite a hassle for the company and will send out a negative message to the investors. It’ll be interesting to see how Leucadia National (NYSE:LUK) manages all these businesses in the long run. But as for now, kudos to the company for having a steady progress, even with so much to tend to.