Lehman Brothers Financial SA (LEHNQ)

[4Duxs]

Possible off balance sheet assets are the NOL’s and any legal settlements for improprieties in the MBS securities that Lehman had. The MBS lawsuits are pretty old news, but still not settled I believe. That’s a source of new capital. I think waiting to complete most creditor settlements like they have and then starting the suits is smart. It’s what I would do if I was in a reorganization plan verses liquidation. They may have some under valued assets currently valued at book not what a current market value would be worth. Under valued assets are not likely as any creditor scratching for repayment would challenge book values. I can’t imagine any off BS assets. That would be quite a liability to many if discovered and may be subject to clawback laws.
Bottom line the CT’s remain so cheap that it’s an easy decision to hold them until results are in. I’ve “only” been here four years. I do have empathy for those of you who’ve been here for the duration.
Have an enjoyable weekend all and stay safe.
I’m heading to the golf course. Cheers