Legg Mason Inc.

Thesis

The common stock of Legg Mason offers a compelling long opportunity as the market is discounting the past more than the future. With significant tax credits valued at $6.50 per share, LM trades at less than 5x EV/EBITDA and less than 8x cash earnings. The company is poised for a rerating as improved performance translates into reported financials, supported by catalysts such as better fund performance and an accretive stock buyback program.

Did it work?

Not yet analyzed

No outcome has been scored for this pitch yet, so there's no verdict to show.