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Legg Mason, Inc. (LM) [hlAlert]

Rating:
Buy LM
down 36.46 %

Legg Mason, Inc. (LM) rated Buy

Posted on: Saturday,  Jan 12, 2008  11:35 AM ET by Barrons 12 Stocks for 2008

Barrons 12 Stocks for 2008 rated Buy Legg Mason, Inc. (NYSE: LM) on 01/07/2008, when the stock price was $71.02.
Since then, Legg Mason, Inc. has lost 36.47% as of 01/14/2016's recent price of $45.12.
If you would have followed this Barrons 12 Stocks for 2008's recommendation on LM, you would have lost 36.46% of your investment in 2929 days.

Legg Mason, Inc. is a holding company which, through its subsidiaries, isprincipally engaged in providing asset management, securities brokerage,investment banking and related financial services to individuals,institutions, corporations and municipalities.

What did badly in 2007 might do well in 2008, because valuations in many depressed sectors are at multiyear lows. Single-digit price/earnings ratios are common in the financial sector, and stocks in many industries are trading at or near book value, a level that often proves to be a floor beneath stock prices.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/7/2008 4:00 PM Buy
1 year
71.02
as of 12/24/2008
1 Week up  0.34 %
1 Month up  29.93 %
3 Months up  6.29 %
1 YTD down  -68.30 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/7/2008 4:00 PM Buy
1 year
71.02

(*) Stock Price at the time of the recommendation.
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