Lehman Preferred Series "J" Preferred (fka LEHJQ)

[coach tequila]

In the early court documents. LBHI estimated that the NOL's were worth $10B approximately. That estimate was when the NOL carryback was 2 years. Now that it is 5 years who knows? That was why LBHI petitioned the court to make certain no party changed the percentage ownership dramatically on the common and convertable preferreds.

Just to hazard a guess one could go back over the period from 2002-2007 and see how much money was paid in taxes by the Lehmans...it should at the very least cement the $10B if not bump it up by $2-$5B.

The company in its MOR for November 2009 stated that it had filed its 2008 taxes and the loss was $47B. It was also mentioned in the MOR that LBHI was still trying to determine the best way to optimize the losses.

Coach T