Just What the Heck is Leucadia National?
December 01, 2015 at 11:24 AM EST
Leucadia National ( LUK ) was once known as a "mini- Berkshire Hathaway ( BRK.B )." Ever since its purchase of Jefferies in 2013, however, the stock has been something else altogether: a place to lose money. Oppenheimer's Chris Kotowski and team, however, think it's something else altogether: