Lehman Brothers Holdings Inc. (fka LEHCQ)

[stripus]

There probably would be less cash needed for LEHMAN to emerge with all the trust preferreds intact as remaining junior obliations.
From what I have read, they have been accumulating a lot of cash and have been paying off debt, and the master plan is to come out of BK in six months to a year.
I have all KLMN and some J's, but I will probably sell off the J's over time to get more Trusts. These trust shares are too hard to pick up to try and flip, so I am in for the long haul here, and will add when I can reposition some of my other investments.
February will be a good indicator as the wash rule sunsets for those who sold in 2008 for tax losses.