Lehman Brothers Holdings Capital Trust III (LEHKQ)

[joyceschoice]

I agree with you and I realize that more data will be required. My comment about the bonds is simply a reference that we need to see them moving up and showing optimism about Lehman future asset recovery.

Imo little to none of the recent good news is priced in the C/Ts at these levels at all. Most of the trusts were trading in the .20-.30 range when I first discovered them. Many are now trading in the teens though the lottery effect for acquiring shares is frustrating.

Personally this helps me since I can continue to acquire shares at prices less than .005% of face value and wait for good news to have an effect.

If there's another 3% of low hanging fruit to be sorted at these levels, things should start to turn up quickly.