Lehman Brothers Financial SA (LEHNQ)

[jimmyt99]

Seems not many folks who have been here from '09 remember what happened during the political takedown. Wasn't pretty and mainly silent. But, at the time, folks were buying this and that and loading the boat but not understanding what happened. This was a long term play, so, lemme preach on it.

Pappy over the years only put out info on the distros coming to the classes being satisfied - never will be paid in full. Yet, nothing on the plans for reemergence. Loads of speculation, but the one thing that was consistent was one had to look across the pond as that is where Pappy made the majority of their money. Think tax rates.

The last two legacy plays are coming to an end. WAMU first, and you can go on that board to see what's going on. Pappy has to wait it's turn. Can't have two good companies come back from BK and spill the beans on the thieves that took them down - read political. Nor will we ever get the truth from the thieves. Only money.

At the end of the day, I'm not worried one bit on Pappy. The full monty plus for all who are here. And never mind the bollocks and naysayers - just ain't worth it.

Roll Tide