Lehman Preferred Series "J" Preferred (fka LEHJQ)

[stripus]

Everyone is bid sitting on the Capital Trust shares (LEHKQ, LEHLQ, LHHMQ, LEHNQ).
You may get lucky and grab some tiny crumbs, but those CT's have always been tough to get any serious quanity on the bid. As time progresses here new WAMU money is also coming to Lehman CT's trying to do the same thing you are. This is fine for now, but a game changer could happen with a new discosure statement or reorganization plan at any time.
Debtors keep settling claims, and this company is a very old international business with lots of subsidiaries. I have always thought there is money not yet accounted for spread all over the world.
IMO these CT's would be cheap at a buck!