Hot Growth Special Report 2006 >



Leucadia National (LUK)

A little of everything goes a long way at Leucadia National. The New York-based holding company has a stake in everything from copper mines and banks to wineries and Internet services. Since its founding more than 150 years ago, it has also acquired outfits in manufacturing, health care, insurance, and real estate. Average annual profits for the past three years have grown an average of 98%, and the company surpassed $1 billion in revenue last year alone. Its biggest acquisition in 2005: Idaho Timber, a wood products manufacturer purchased for $133 million. And after losing on telecommunications subsidiary WilTel Communications Group, Leucadia sold it for more than $833 million, making this juggling job a profitable performance in the end.

Company Info

2005 Rank


Market Value*
($ Millions)


($ Millions)


Sales Growth
(3-yr. avg. annual)

78.0 %

($ Millions)


Profit Growth
(3-yr. avg. annual)

98.1 %

Return on Inv. Capital (3-yr.)

10.9 %

Share Price
12-Mo. Hi/Lo


Share Price
As of 4/28/06


Return on Equity

34.9 %

P/E Ratio


No. of Employees


Industry Multi-Sector Holdings


Location New York
Phone 212 460-1900
*Trailing 12 months
Stock price data as of 4/28/06
DATA: Standard & Poor's Compustat

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Company Snapshot

Leucadia National, a holding company, engages in diversified businesses in the U.S. It involves in the manufacturing, health-care services, telecommunications, real estate, winery, and residual banking and lending activities. The company manufactures and markets lightweight plastic netting, which is used for various purposes, such as building and construction, erosion control, agriculture, packaging, carpet padding, filtration, and consumer products. Its health-care services include physical, occupational and speech therapy services, health-care staffing services, and medicare consulting services. The company's health-care services also include post-acute health-care services, including contract therapy, long-term care consulting, and temporary staffing to skilled nursing facilities, hospitals, sub-acute care centers, assisted living facilities, schools, and other health-care providers. Its telecommunication services include local and long- distance telephone services, data and Internet services, Web development, collocation, and managed services. The company's real estate operations include development and sale of various commercial properties, residential land development projects, and other unimproved land. As of Dec. 31, 2005, it owned an office building of approximately 704,000 square feet located in downtown Tulsa, Okla. Leucadia National operates two wineries that produces and sells wines in the table wine market. In addition, the company provides consumer loans, consisting primarily of personal automobile installment loans to individuals; property excess, marine, and aviation reinsurance services, as well as develops a copper mine. Leucadia National was founded in 1854 and is based in New York City.

Data provided by Capital IQ
Ian M. Cumming

Ian M. Cumming, 65

Chairman and Chief Executive Officer

Total Compensation*

$ 1,031,052

Total Options Value*

$ 0

* Fiscal Year 2005

Executive Bio

Ian Cumming serves as CEO of Leucadia National. Cumming served as interim president and CEO of WilTel Communications Group from October, 2002, to October, 2002. Cumming serves as the chairman of the board of Barbados Light & Power. Cumming serves as a chairman of the board and a director of WilTel Communications Group. Cumming has been director and chairman of the board of Leucadia National since June, 1978, and also serves as chairman of the executive committee. Cumming has been a director and chairman of the Finova Group since August, 2001, and serves as chairman of its executive committee. In addition, he has been a director of Allcity Insurance, a subsidiary of Leucadia, a property and casualty insurance company since February, 1988. Cumming has been a director of Skywest, a Utah-based regional carrier, since June, 1986, and also serves as a member of audit committee. Cumming has been director of HomeFed since May, 1999. He has served as a director of Carmike Cinemas since January, 2002, and served as a member of its audit committee. Cumming served as director of MK Gold (now MK Resources), a subsidiary of Leucadia, an international mining company, from June, 1995 to March, 2004, and was on the executive and audit committees.

Management Team

Key Executives

Ian M. Cumming; Joseph Steinberg; Joseph A. Orlando; Thomas E. Mara; H. E. Scruggs

Board Directors

Ian M. Cumming; Joseph Steinberg; Paul M. Dougan; Lawrence D. Glaubinger; James Edward Jordan; Jesse Clyde Nichols; Alan J. Hirschfield; Jeffrey Keil

Executive Data provided by Capital IQ