Lehman Preferred Series "J" Preferred (fka LEHJQ)

[coach tequila]

You have to see this!

One year graph of the S&P/LSTA 100 Leveraged Loan Index...How much do you think some of the LEHMAN portfolios have gone up since the balance sheet of 12/31/08? Look where this was on 12/31/08!

http://www.bloomberg.com/apps/quote?ticker=SPBDLLB%3AIND

Index Climbs

Loan CDOs have gained as prices on the underlying debt climbed from record lows and prospects for companies failing diminished, Roy said. The S&P/LSTA 100 Leveraged Loan index has gained 19.6 cents since the end of March to 86 cents on the dollar as of yesterday. Loans have gained a record 46.9 percent this year after losing an unprecedented 28.1 percent last year, the S&P/LSTA index shows.

That’s boosted CLO portions ranked AA, the third-highest level of investment grade, which have more than doubled in the past four months to as much as 70 cents on the dollar. Securities ranked BBB have tripled to 35 cents, Roy said.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a5KbYLsaKQhU

Once again...The Perfect Storm...you won't hear it in the media but you can piece it together, one piece of evidence at a time!

Coach T