Mr Cooper Group Inc (COOP)

[Large Green]

fsshon, I kept this message from some time ago as I have been interested as well.

Subject: LEHMQ & Lehman's Brothers Securities

Flow, I still like all of them, especially the Cap Trusts, and I own the LEHKQ and LHHMQ.
I also believe, and many WaMu longs disagree, that the LEHPQs will eventually see that magical $1000 face value payout, much like we expect with our much coveted WAMPQs.
The LEHPQs are simply a year behind the WAMPQs IMO.
The serious party has not yet begun at Lehman, I think it will during 2010. WaMu gets to party first, just the way it is. Much more cut and dried case than Lehmans.
As far as the Lehman preferreds, I believe this is our pecking order,,,

LEHNQ
LEHKQ
LEHLQ
LHHMQ (cap trusts)

LEHCQ
LEHDQ
LEHFQ
LEHGQ
LEHJQ (66m outstanding, the most of all preferred)
LEHPQ ($1000 face value wild card) $4 right now. 4m O/S.
and then of course, the real wild card, the commons

LEHMQ

So to adaquatedly answer your question, I like the 4 cap trusts, followed by the LEHPQs, and then the LEHJQs.
I feel they will all be 'in the money', even the commons.
Hope this helps, HOLD your WAHUQ and WAMPQ, no matter what

Altini, I am a LEHPQ holder, and will hold till the conclusion of the Lehman case. These can and will IMO be just as good as WAMPQ, it will simply take awhile longer.
NO more complicated than that. I have a few thousand, and looking to add alot more once the WaMu shares get their just due. As many have said here, patience is the key.