In The Midst Of Chaos, Leucadia Believed.

Jefferies is up 21% today on what many consider better than expected numbers.  I know people in JEF that right now are feeling rather sour, their bonus consisted of stock and cash, but they were given the opportunity to take their stock amount in cash with a decent haircut–something like 25% I heard.  In the midst of all the chaos surrounding JEF over the last couple of months, many took the cash instead of some stock.  Who can blame them?  Just a month ago they were suppose to be the next MF Global.  But, Leucadia and it’s insiders believed in JEF while most didn’t;

Granted, they are probably really underwater in their entire position, but they believed while many didn’t and so far is paying off.


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