Lehman Brothers Financial SA (LEHNQ)

[jimmyt99]

Just want to posit a few ideas as we wait for the final two legacy plays to come to fruition. I've noticed a few posts equating the WAMU and Pappy plays - did it myself. And full disclaimer, as a Mod, I have no problem with that line of reasoning and speculation. But the old git Northern Yankee might - but the hell with him - lol.

One thing I learned in these plays is that one has to looks at actions - whether through the courts, a distro and so on. Sorry, Gus, balance sheets are like toilet paper. And the actions with WAMU, at least to me, is that it is coming to an extremely profitable conclusion for all who hold escrow shares. Visit that board for more info.

As far as Pappy, ptui on them. The Pappy in America. No info, except distros through the shysters. But, since the presence is mostly across the pond, that's where I look. And the actions are encouraging. And the full monty plus, of course. It's all good. It's all about the waiting, but it will end.

In the meantime, have a few Sinatras, put them rib eyes on the grill and get out the way as you might get hurt.

Roll Tide.