While catching up on some older items in my news feed, I came across a couple of pieces from Tsachy Mishal’s Capital Observer blog about 2013 Leucadia (LUK) spinoff Crimson Wine Group (CWGL). Mr. Mishal is a bullish Crimson shareholder and actually attended the company’s Annual Meeting in Napa. Boy, it must feel great to expense that trip… Read More »
Barron’s had a couple of pieces on spinoffs a couple of weeks ago, one of which focused on Leucadia’s (LUK) recent spinoff of the Crimson Wine Group (CWGL), its small winery business. For a ‘refresher’ on the transaction, check out our earlier coverage here and here. The company is listed on the OTC Pink Sheets and currently trading at… Read More »
A quick update on a recent spinoff. Leucadia (LUK) completed the spinoff of Crimson Wine Group (OTC:CWGL) a few weeks ago and the new company has jumped around a bit as an independent company. A lot of people were down on the company and many of the comments on our earlier articles pointed to the company’s poor recent earnings, expected… Read More »
We wrote previously about the planned spinoff by Leucadia(LUK) of Crimson Wine Group(CWGL). There was much discussion and speculation as Lucadia’s managment are among the most successful investors of the last few decades, this was their personal project being spun off as a result of the merger with Jefferies(JEF), the distribution ratio of 1 share of CWGL for… Read More »
Leucadia (LUK) is one of those low key companies which has done a superb job for shareholders. The company has grown Book Value per share at an 18.5% CAGR and shareholder equity at over 19% since 1979. Not bad. No fancy homepage for this company, instead the spartan website offers up some links to the company’s SEC filings… Read More »