Submitted by Todd Sullivan on Tue, 05/19/2009 - 10:50.
Was having a conversation with a reader about Leucadia (NYSE: LUK) after posting the annual meeting notes the other day. He was talking about the excellence of management of which I agree. He is an owner of shares. I said my hesitation in owning shares was that I could not accurately forecast earnings into the future due to the fact they tend to buy then sell businesses.