Lehman Brothers Holdings Inc. (fka LEHCQ)

[jerry22]

There's no way to know at this point if any particular one of the KLMN pfds is going to do better than any other of those 4. I've got all 4.
But it is clear that those 4 are SAFER than the other pfds if there is a liquidation, since they are higher up the level of priority.
There is also a fair chance, IMO, that they will receive a LARGER PAYOUT than the lesser priority pfds(C,J,etc).

Even the C's and J's will do will IF THERE IS ENOUGH MONEY.
Aye, there's the rub. No one really knows the totals of what they have or what they owe. Will they reorganize? Will they have to liquidate? No one knows.
But it seems likely that NONE of the pfds will get face value, or anything close to it, IMO.

One analyst said he thinks a MAX of 5-10% of face, if that. I would be VERY happy if we get even 5% of face value.
Heck, I'll be happy if we even get 1% of face!
But there's no guarantees of even that.