Replies to post #7403 on Lehman Preferred Series "J" Preferred (f

[coach tequila]

I know this is the J Board, but it is nice to see the ask showing for $94.00 on the F's...

Coach t

[VivaLasVegas]

IS THIS PERSON A 'VULTURE' THEN?????

http://www.bloomberg.com/apps/news?pid=20601108&sid=ayJVCccKzc_8#


I think this should be passed along to those Bozo journalists who say speculators are Vultures.



Cheers

[DrGizmo]

Good things happen

Sounds like the old Edward Lampert 'buy Kmart bonds while they are in bankruptcy' trick to me.

RE:
Ackman, who runs New York-based Pershing Square Capital Management LP, bought General Growth shares in November 2008, five months before the bankruptcy filing. He paid $9.3 million for 20.1 million shares, an average of 46 cents each, according to a regulatory filing at the time of his purchase.

THE LORD WILL INDEED GIVE WHAT IS GOOD PSALM 85:12