"Most of my Street contacts won't trade with LEH"

Discussion in 'Stocks' started by m22au, Sep 9, 2008.

  1. m22au



    On Deck: Lehman

    Lehman(LEH) preferreds are now offered in size at 17%.

    Washington Mutual (WM) CDS are trading around the 30% level.

    Me thinks LEH is next.

    And if you own the preferreds, you can expect... zero.

    The best case is that the company sells its good assets and ends up a carcase. Meanwhile,
    most of my Street contacts won't trade with 'em.

    Does anyone have a link to this Minyanville article?
  2. Who in their right mind would want to buy an "asset management firm" from a firm losing billions ?
  3. Didn't their execs give themselves bonuses that surpassed the earnings of the company?

    Why wouldn't anyone want to own what's left?? :confused:
  4. Does anyone else take pleasure in seeing them crumble? I mean, it couldn't happen to a better group of guys.

    Another one bites the dust....and another one gone and another one gone
  5. So long as it doesn't screw with my volatility...