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martingale

09/17/08 2:08 PM

#753 RE: SAGA #752

It will if they can unwind that $644B in assets they are said to have without too much more damage. The bidding for Nuberger-Berman etc is said to be brisk. If they can get $5B out of that and not $3B then thats a decent start. Their MBS
portfolio is problematic and no one knows from the court filings if the assets have been discounted enough. They could
end up discounting enough to eat up all the equity leaving no
value behind. The pps would seem to reflect this possibility.
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ErJ

09/17/08 2:13 PM

#754 RE: SAGA #752

I hope i'm wrong but I disagree.

<Disclaimer - I bought on Friday hoping for a buyout so I am down basically all of my investment>

If Lehman is going to sell all of its assets, that leaves the holding company, the company that we all own, with nothing but garbage.

I don't see how it could possibly be worth anything at all.
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blulotus

09/17/08 4:08 PM

#777 RE: SAGA #752

is leim shares still a good buy??ty