Lehman Brothers Financial SA (LEHNQ)

[marayatano]

I honestly do not see anything positive unless the liabilities comes way down from expungment/reduction/dismissed/etc.

or...

The assets recover substantially.

Lehman is just tooo far out of the money when you have holding creditors only recovering 18 cent on the dollar. Too much spread.

You have to remember, Lehman borrow $44 for every $1 dollar they had and then the market/economy tanked. It is almost like a margin call.

Coincidentally, there is a movie called "Margin Call" is it fit Lehman story very well.

For all I know, it was about Lehman with the names changed.

www.imdb.com/title/tt1615147/

Storyline

A respected financial company is downsizing and one of the victims is the risk management division head, who was working on a major analysis just when he was let go. His protégé completes the study late into the night and then frantically calls his colleagues in about the company's financial disaster he has discovered. What follows is a long night of panicked double checking and double dealing as the senior management prepare to do whatever it takes to mitigate the debacle to come even as the handful of conscientious comrades find themselves dragged along into the unethical abyss.

imo