there is another article that said $2. will find it later.
Sunday, September 06, 2009
News on Lehman Brothers (LEHMQ.PK)
After Lehman collapsed last September, Barclays Bank and Nomura bought substantial parts of its business. That left a holding company largely containing toxic mortgage assets and derivatives potentially amounting to billions of dollars that are still being unwound.
Lehman shares peaked last week at 32 cents, having spent much of the year at less than 5 cents. When the rally in Lehman began in late August, trading volume soared above 100m shares on one day, compared with virtually no activity earlier in the year. Lehman shares closed last week at 14 cents with trading volumes on Friday reaching just over 11m shares.
Looks like LEHMQ.PK might be able to reach 50 cents to one dollar in the short term.
Lehman leads rally
In an interview with TheStreet.com, Najarian argued that if the bankruptcy judge decided to keep Lehman running to allow it to have a better chance of making paying off creditors, he might pay just 80 cents on the dollar to creditors. From the $6 billion Lehman has collected so far, that would leave it with a market cap of $1.2 billion, or about $2 per share, Najarian reasons.
posted by Chart Analyst Review @ 4:43 PM 0 comments
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