Replies to post #306 on Lehman Bros 7.25% Pref'd Series P (fka LEHPQ)

[lifegear]

not all of Lehman's subsidiaries filed for chapter 11 reorganization

they already cut 2/3 of liabilities

unsecured creditors will have distribution according to filing, any difference would be offset by issuing more stock according to news earlier this year

[forestflanigan]

Whats the face value for this stock?

[hfields]

There is potential for Lehman. What that is, obviously is speculative.

They have hired one darn good firm to reorganize/restructure them. Though the issues are different than the WAMU/WMI, they are reducing debt, and this firm gets paid a percentage on how much they can manage to get their liabilities reduced.

I hope folks invested in both are winners in the end!

GLTA.