Lehman Brothers Financial SA (LEHNQ)

[mellowbird]

I bought on the advice of a friend who thought the CT guarantee had teeth in it and the NOLs were worth something. I think I paid about 11 cents a share. This was maybe 6 years ago? Not sure. Then I dug into things and my conclusion was the guarantee was not going to hold up after all and COD income would eat up the NOLs. So I sold. I got out essentially at break-even. So did my friend, although I think he lost a little bit. I check back in once in a while just to see what happened. It was amazing to me how long the CTs traded, but I guess now that is done.