Replies to post #14275 on Lehman Preferred Series "J" Preferred (f

[stripus]

I agree, hardly a day passes without some settlement which brings hundreds of millions or billions of dollars back to the estate. Since Lehman was profitable except for their last year, 2008 when they filed bankruptcy and they were a global business we have seen only the tip of the iceberg to date.
The valuation of common shares over the value of the Lehman preferred shares indicates that the preferred shares are a steal.
I keep adding to my preferred positions as I can and I am approaching 2 million dollars face value of the Capital Trusts now.