Lehman Brothers Financial SA (LEHNQ)

[stockmojo9]

The entire $1.2B CT float could have been bought for $2.4M when they were trading at $.05/share.

What about the Bonds?

What about the Preferreds?

Most all Common doesn't survive BK.

There was a time a few years ago when Lehman Estate announced they were investing in some Lehman activities they felt would increase in market value and remain with the Legacy company.

They could have been making improvements then with the debt & shareholder equity side of the balance sheet in addition to the asset side where they invested equity on foreclosed loans.

I think there are merits in owning creditor asset recovery instruments if possible, especially if there is a Legacy Company.

However, Lehman had a lot of these instruments and may not have always had the cash to buy them and restructure.

der goober mojo