LM is up almost a 100% since it bottomed at $11 probably a few days ago. I had not been following the stock closely but reading the transcript, valuation metrics were eye popping cheap. 0.25% AUM for example.
Concerns are around capital to absorb SIV issues, but this is a stock that bears watching as a market rally will provide jet fuel to this one given valuation.
One to watch. I will try to look more deeply into this one. I should be getting laptop tomorrow and then access to bloomberg. I may have to shop around for Excel but will be up and running next week. Hopefully will also have my files etc.
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