Replies to post #32 on Lehman Bros 7.25% Pref'd Series P (fka LEHPQ)

[gilee68]

IMO, that is true.

..., but I'm betting on A&M representation, the PR stating they are looking at dividing the company into two seperate entities and simply the face value on these as preferreds. For less than a buck it's just takes the gamble/guesswork out of it for me.

If I'm correct they filed that the BK would take 1.5 to 2 years, but of course anything could happen b4 then?! No certainties at all, just going with my gut.

Also, this stock follows wamuq and vice versa- probably because of the same counsel. Hmmmm... what is good or works for one may just work for the other I figure?

Good luck!