Replies to post #31385 on Lehman Brothers Financial SA (LEHNQ)

[stockmojo9]

etzetrade,

I've posted an analysis consolidating shares of CTs, Preferreds & Common using natural numbers and breaks as well as the emphasis on covenants in prospectus, position of creditor in repayment and ability of Estate to repay.

All of this can be computed by the Court Administrators and Estate.

Some Debtors are accepting Creditor positions. This could represent a strategy that is also a reflection of their skill set. However, not all Debtors could be good Owners or Creditors.

What isn't clear is why the Debtors choose the path of Liquidating without re-positioning the Estate to keep quality assets together in a business that will all be re-financed and generate revenues?

If this is the new end game, and not liquidation, the Estate, including Debtors, Creditors & Management, will have more of a future to work with in an appreciating currency market.

I don't see Lehman as an Enron or WorldCom where management created models for building infrastructure capacity that was nowhere near the asset value.

mojo