Legg Mason's Appreciation Fund managers predict a slow recovery for financials and the U.S. economy.
Legg Mason has no independent chairman and a composite Morningstar stewardship grade of C.
Edwards, Raymond James and Legg Mason, have done just fine with minimal investment-banking ties.
"I disagree with people who say it will be bad for cable, " says Legg Mason's Blair.
For instance, take the Legg Mason Capital Management Value Fund, managed by Bill Miller.
FORBES: When To Sell Your Mutual Fund And Fire Your Money Manager
Five of those Bank of New York Mellon, Citigroup, Legg Mason, E Trade and Keycorp were financials.
Mr Mack has already noted Citigroup's recent swap of its asset-management arm for Legg Mason's brokerage operation.
Legg Mason bailed out two of its funds tied to debt sold by structured investment vehicles .
Just ask Alliance Bernstein, Janus and Legg Mason whose shares are all down more than 30% this year.
FORBES: BlackRock Veteran Launches New Firm With An Appetite For Acquisition
Most analysts think investors should stand pat on Legg Mason, with seven of 13 analysts rating it hold.
The diverse group of panelists represented: Credit Suisse, Capital One, Cigna, Fitch Ratings and Legg Mason.
"This is one of those Gettysburg-like battles that could turn the war, " says Legg Mason analyst Blair Levin.
Michael Mauboussin, Chief Investment Strategist of Legg Mason, is one of the most thoughtful practicing investors I know.
FORBES: Forget Bulls And Bears: Why Are So Many Investors Boors?
"They're performing about as well as you can expect them to, " says Legg Mason Wood Walker analyst Timm Bechter.
The majority of analysts think investors should stand pat on Legg Mason, with eight of 14 analysts rating it hold.
The majority of analysts think investors should stand pat on Legg Mason, with 10 of 14 analysts rating it hold.
Legg Mason had already begun building outposts abroad, but it was hardly global in the manner of the mighty Citigroup.
It will have to integrate Legg Mason's brokers into its network: that is tricky, but Citigroup has done it before.
Legg Mason has going for it a diverse fund mix, consistent growth and strong management, says Daniel Goldberg, an analyst with Bear Stearns.
Cripps, chief market strategist at Legg Mason, have been good enough to return him to our contest for five consecutive years.
"Their credit quality is becoming better than was expected, " said Chris Brendler, an analyst at Legg Mason Wood Walker in Baltimore.
Analyst sentiment about Legg Mason has waned during the last three months.
At least one analyst, Legg Mason's Blair Levin, doubts Ergen will succeed.
The best EVA Momentum score last year was 93.1% for Chesapeake Energy, while the 2009 high was 54.7% for Legg Mason.
In other words, as Michael Mauboussin of the fund-management group Legg Mason remarks, the collective is smarter than the average person within the collective.
As he moved Legg Mason away from broking into asset management, he began to count more big endowment and corporate-pension funds among his clients.
Another: former mutual fund impresario William Miller, whose Legg Mason Value Trust bet on cheap-looking financial institutions on their way to getting far cheaper.
Miller, chief executive of Baltimore-based Legg Mason Funds Management, also believes that capital spending is on the road to recovery, another positive stimulus for a better economy.
The options vigilantes include Christopher Davis, the portfolio manager for the Davis Advisors fund group, and William Miller, the portfolio chief for Legg Mason funds.
应用推荐