Lehman Preferred Series "J" Preferred (fka LEHJQ)

[DrGizmo]

Good things happen

Sounds like the old Edward Lampert 'buy Kmart bonds while they are in bankruptcy' trick to me.

RE:
Ackman, who runs New York-based Pershing Square Capital Management LP, bought General Growth shares in November 2008, five months before the bankruptcy filing. He paid $9.3 million for 20.1 million shares, an average of 46 cents each, according to a regulatory filing at the time of his purchase.

THE LORD WILL INDEED GIVE WHAT IS GOOD PSALM 85:12