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S&P 500: 1,340.35 Change: -0.84%
beppaun
P&P Score: 3.45 | Points: -47.89 | Accuracy: 50.00 | Average Pick Score: -0.09   Annual Return: N/A  
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Commentary
BUY: LEGG MASON INC (LM) Rating: 2
Start Price: $28.73
Points: -2.12
Created: 09/12/2009
Assets under mgmt are stabilizing, asset mix is good (56% fixed income, mostly corporates, 22% equity, with style and most of mutual funds strongly recovering) and Gabelli recently (7/23) made a strong case about how the stock could double in the next two or three years. I tried to apply the rule of Marty Whitman about how to value asset managers and this stock seems to be the most undervalued (see gurufocus.com/news.php?id=1169 a very interesting article by Brian Zen).

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