Lehman Brothers Holdings Inc. (fka LEHMQ)

[ThurstonHowellThe3rd]

Joe - could you provide your thoughts on this, please?
thanks,
Thurston

http://messages.finance.yahoo.com/Stocks_(A_to_Z)/Stocks_L/threadview?m=tm&bn=10602&tid=222696&mid=222717&tof=2&frt=2

d.wagner55 says:

These shares were .01 on Friday, they are up to about .15 now. This is a trust originated preferred security (classified as a debt), with special tax rules. Even though they might not be paying the 6% distribution (not likely in BK) the owner (you) would be responsible for 31% witholding on that distribution and any taxes owed on income you were not getting. All that based on the par value of $25.00. Owning them could be wildly expensive. Read the perspectus, buy with caution.
p.s. They were being dumped because nobody wants to pay taxes on money they did not get, and it is almost the end of the quarter. Owning them on the wrong day at the end of the quarter makes you responsible for the taxes.