Another Rarity: Leucadia 2002 Shareholder Letter

Another Rarity: Leucadia 2002 Shareholder Letter
Source: Made with Photoshop

Another Rarity: Leucadia 2002 Shareholder Letter

Leucadia 2002 Shareholder Letter, not posted on their website. Yesterday, we posted the 2003 letter, which also cannot be found online. Enjoy!

Letter From The Chairman and President

David Einhorn: This NJ Deli With One Location And Little Revenue Is Trading At $100M+ Valuation

david einhorn, reading, valuewalk, internet, investment research, Greenlight Capital, hedge funds, Greenlight Masters, famous hedge fund owners, big value investors, websites, books, reading financials, investment analysis, shortselling, investment conferences, shorting, short biasIn his first-quarter letter to investors of Greenlight Capital, David Einhorn lashed out at regulators. He claimed that the market is "fractured and possibly in the process of breaking completely." Q1 2021 hedge fund letters, conferences and more Einhorn claimed that many market participants and policymakers have effectively succeeded in "defunding the regulators." He pointed Read More

To Our Shareholders

In 2002, Leucadia reported $16.16 in after tax income or $2.88 per fully diluted share, which is a 10.5% return on ending equity. This return is slightly distorted by $150 million which was added to equity from the sale of stock late in the year, about which more later.

H/T Value Study

147291817 Leucadia s 2002 Letter From Chairman and President PDF by


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