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Yep, needs to catch up to the J's and then all Lehmans to the moon!
first day of breakout here too =) we're good to go
People are starting to find out about this little gem and its tiny float :)
Bid/Ask: $.22 X .24! Spread got much tighter during EOD: BREAKOUT-PARTY DELUXE*******!!!
GLTYA *hypehunter*
(imho)
Great day today, much more to come IMO. Looking for dollars out of these preferreds.
There's more to come.... hold tight
These are the cheapest of the $25 face value preferreds, should catch up to the J's soon. Our O/S count is only 12M!
Bid/Ask: $.17 X .239!
IMO .239`s will look extremly cheap in the near future!
GLTA *hypehunter*
Looking great, this is the best regular preferred IMO because of the low 12M O/S compared to LEHJQ's 66M O/S. Could be seeing dollars here soon folks.
Bid/Ask: $.05 X .10!
Strong day. 100k+ Volume. All the LB's are starting to move
could lehman winning the case against barclays boost this stock? (the billion dollar one)
LEHMQ back up to .16. Prepare for the teens here soon!
Bid/Ask: $.05 X .07!
Bid/Ask: $.03 X .07! IMO .07`s are real CHEAPIES/BARGAINS!
GLTA *hypehunter*
We will find out when the re-org comes out.
BTW: Getting shares in a new spin off holding company does NOT mean recovery. Anything can happen.
do we as current shareholders get any shares ???
Well, imo, senior bonds are probably the best way to go. Trusts are at this point really unknown because of derivatives. They "might" see a small return. Preferreds is a lotto play or for trading purposes. Common, risky lotto and trading purposes.
Right now it is too early to tell.
If you wanted to invest, I would look at big board stock. The majority of the penney stuff is for trading. Very few worth the investment.
imo of course.
So you're saying the capital trusts are the surest way to invest in Lehmans long term. The commons and preferred could see a rise short term as Lehman accumulates more cash, but they are a very risky and it's at least 50-50 they won't see a dime.
Lefty,
"Lehman weighs spinoff of remnants: WSJ
(AFP) – May 13, 2009
WASHINGTON (AFP) — Lehman Brothers, the failed US investment bank, is considering spinning off its remaining assets to investors who feel their value will rise in an economic upturn, US news media reported.
Internal calculations by Lehman Brothers Holdings Inc., whose assets consist of crippled real-estate and private equity holdings, have estimated their fair market value at about 45 billion dollars, The Wall Street Journal said.
That amount is more than half what it was in September when Lehman's collapse sent the global financial system into turmoil.
Lehman, according to the newspaper, puts the value of the assets at 400 billion dollars at non-distressed prices, including 300 billion dollars in assets servicing.
Some Lehman executives have named the division Lamco, or Legacy Asset Management Co., but the bank itself has yet to determine if that name will be used in a spinoff.
Despite continuing troubles in the real estate market, Lehman officials "say they want to be prepared for a rebound in asset values," the newspaper said.
According to a plan under consideration, the asset-holding company would first be legally separated from the bankruptcy estate by early 2010, after which it would sell shares to the public.
"This would be a bridge to a better time. Today's market is an aberration. We don't think it will stay like this," said Lehman chief restructuring officer Bryan Marsal, a co-CEO of advisory firm Alvarez and Marsal.
The new entity could invest in battered commercial real-estate debt, which would make the company "much more active than current bankruptcy law permits," the Journal noted.
The company could namely participate in federal programs, namely the Public-Private Partnership Investment Program, an effort to buy toxic assets off the balance sheets of troubled banks, the newspaper said, noting the plan was still preliminary and needs approval from Lehman's board, creditors and a US bankruptcy judge.
According to Lehman finance chief William Fox, Lamco has garnered about eight billion dollars in positive cash flow since Lehman's bankruptcy filing eight months ago, which amounts to most of the company's 11 billion dollars balance in cash.
The spinoff, the Journal said, would produce one of the biggest real-estate operators, with a portfolio of 20 billion dollars in equity and loan positions.
Lehman filed for bankruptcy in September as it buckled under the weight of the collapse in US sub-prime mortgages, and the resulting credit crunch. It still owes creditors about 200 billion dollars.
Copyright © 2009 AFP. All rights reserved."
http://www.google.com/hostednews/afp/article/ALeqM5jfDATDiYFxvTzSlkL9JcPjmopanQ
$45 billion today or $400 billion in a good market.
$200 billion to creditors plus $100 billion for Price Waterhouse Cooper (has not filed yet) = $300 billion.
Factors in:
unwinding derivatives
attorney fees (monthly) x how many years.
restructuring fees (monthly) x how many years.
United States Trustee statutory fees
United States Trustee extraordinary fees
etc., etc.
None of which is included in liabilities.
This is also dependent on Creditors agreeing to wait several years for recovery. If they do not wait, then assets are sold at distressed/near distressed prices to the detriment of lower creditors.
This is only based on the above article of May 2009.
As you can see, only the attorneys and restructuring company make the $$$.
we should just wait and sit back and what happens.
THANKS.
I think it was estimated that Lehman has $400 billion in fully valued assets versus $200 billion in liabilities. Half of that is owed to Price Waterhouse Cooper?
"In an interview with TheStreet.com, Najarian argued that if the bankruptcy judge decided to keep Lehman running to allow it to have a better chance of making paying off creditors, he might pay just 80 cents on the dollar to creditors. From the $6 billion Lehman has collected so far, that would leave it with a market cap of $1.2 billion, or about $2 per share, Najarian reasons."
Thanks. I actually seen this article before and saw a lot of people mis-interpret it. The way I interpret this as only the market cap which does not take into account liabilities. In my opinion, that statement still means nothing.
Liabilities still FAR out weigh the assets, especially when the Price Waterhousse Copper (sp) files their $100 billion claim.
This is just my opinion.
there is another article that said $2. will find it later.
Sunday, September 06, 2009
News on Lehman Brothers (LEHMQ.PK)
After Lehman collapsed last September, Barclays Bank and Nomura bought substantial parts of its business. That left a holding company largely containing toxic mortgage assets and derivatives potentially amounting to billions of dollars that are still being unwound.
Lehman shares peaked last week at 32 cents, having spent much of the year at less than 5 cents. When the rally in Lehman began in late August, trading volume soared above 100m shares on one day, compared with virtually no activity earlier in the year. Lehman shares closed last week at 14 cents with trading volumes on Friday reaching just over 11m shares.
Looks like LEHMQ.PK might be able to reach 50 cents to one dollar in the short term.
Lehman leads rally
In an interview with TheStreet.com, Najarian argued that if the bankruptcy judge decided to keep Lehman running to allow it to have a better chance of making paying off creditors, he might pay just 80 cents on the dollar to creditors. From the $6 billion Lehman has collected so far, that would leave it with a market cap of $1.2 billion, or about $2 per share, Najarian reasons.
posted by Chart Analyst Review @ 4:43 PM 0 comments
"funny how analyist think they will see $1 to $2 for the common after they come out of bk"
All the articles I have seen say, common is worthless (no recovery), especially after London Unit/Arm was going to prepare a $100 Billion Claim against it's parent holding company. Where did it say this? Thanks.
called barcays that handles former lehman. asked them if they ever thought lehman would come out of bk and the answer was no sir. their number 212 526 7000. funny how analyist think they will see $1 to $2 for the common after they come out of bk but their employees think different. any thoughts would be appreciated.
Preferreds trading well below the commons. In the immortal words of Sir Paul McCartney, "Very Strange".
silly MM'S just gave me 1000 shares at .033...lol...
nope:) holding strong here....
Wont be able to hold us down forever~
MM'S trying to paint FQ's down on little 300 share blocks...LOL...
I have bid .05 - ask .06 , have buy in @ .06 all morning, still not filled.
down???
anybody have the bid/ask on this one....i can't believe its trading down
+143,9%, that was not a bad day today, good dayz to follow IMO!
BTW: It`s still extremely quiet here! LOL
Master list of securities... 8/20/2009
http://chap11.epiqsystems.com/ViewDocument.aspx?DocumentPk=fbad163f-59d0-4665-8580-03615421bd3e
It is dated May 2008. It is old news.
Our time is coming though...
Keep the Faith!
Coach T
is this a good thing or a bad thing????
Income Statement
http://finance.yahoo.com/q/is?s=lehmq.pk
Me either lol
I would if I could, but I don't have a subscription.
Can ya post the article tia
Lehman Brothers sues AIG – report
http://beta.reactionsnet.com/Article/2273299/Lehman-Brothers-sues-AIGreport.html
Lehman Contract Is Test Case for Billions of Dollars of Swaps
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=40394909
please explain . does that mean naked shorting ??? if so is that a good thing for us??? TIA
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