Lehman Preferred Series "J" Preferred (fka LEHJQ)

[mik1]

Because, there are a lot of money to cover, between Class I and 8. We are at the end.

I would like very much to see some money with my Js, even waiting 5 years. But I really cant believe that all creditors, where there are big guys, will receive a 20%, knowing that A>L. The answer is obvius. A<<L. And they know it.


Probably, with time, Assets will recover price, but if they have to cover a gap between 260B and 40B, it is almost impossible.