Which financial company will go bankrupt next?
- Thread starter The Kin
- Start date
Why would any body take over LEH.
Rumours may out soon, to force short covering.
The bad.
- Income model broken
- Massive 37:1 gearing on current assets
- Assets are poor performing real estate investments in CA (I think)
- Capital dilution from fund raising
- Expensive preference shares costs
The good.
Maybe there there are some good assets like the people who advise on bonds.
So I guess this stock true value is way under $10.00
Rumours may out soon, to force short covering.
The bad.
- Income model broken
- Massive 37:1 gearing on current assets
- Assets are poor performing real estate investments in CA (I think)
- Capital dilution from fund raising
- Expensive preference shares costs
The good.
Maybe there there are some good assets like the people who advise on bonds.
So I guess this stock true value is way under $10.00
more ...
http://www.howestreet.com/articles/index.php?article_id=6635
.."Credibility Issues Haunt Lehman
Finance chief, Erin Callan would not disclose the amount of the writedowns on Archstone and SunCal. Instead Ms. Callan calls it "significant". If it is significant, why doesn't Lehman state the amount? Why not let investors decide if it's "significant" or not?
Lehman is still holding $29 billion in commercial real estate having written off only $3.5 billion. Lehman calls this "very large". I call it "peanuts". And the fact that they are hiding amounts of individual writedowns on some very bad deals they have gotten into suggests a huge credibility problem that is not going away quickly or quietly.
For more on Lehman's bad quarter please see Worst Ahead Of Lehman.
The commercial real estate mess alone suggests the writedowns at Lehman have just begun."...
NOTE: I am short from $38.00
http://www.howestreet.com/articles/index.php?article_id=6635
.."Credibility Issues Haunt Lehman
Finance chief, Erin Callan would not disclose the amount of the writedowns on Archstone and SunCal. Instead Ms. Callan calls it "significant". If it is significant, why doesn't Lehman state the amount? Why not let investors decide if it's "significant" or not?
Lehman is still holding $29 billion in commercial real estate having written off only $3.5 billion. Lehman calls this "very large". I call it "peanuts". And the fact that they are hiding amounts of individual writedowns on some very bad deals they have gotten into suggests a huge credibility problem that is not going away quickly or quietly.
For more on Lehman's bad quarter please see Worst Ahead Of Lehman.
The commercial real estate mess alone suggests the writedowns at Lehman have just begun."...
NOTE: I am short from $38.00
DSL
What I want to know is who the hell bought at the secondary offerings of LEH. The new shares increased shares outstanding by over 20%. That's huge and a major dilution to existing shareholders.
Who's foolish enough to do that because they're now sitting on a major loss. Dumping would only cause the price to go much lower very fast.
At least those Arab bastards are smart and went for the ultra high yielding convertibles. So regardless of future shares outstanding, they will still own 5% of the company. Only way they would lose is if C ceased to exist before the conversion date...
Stupid LEH investors who bought at the secondary offering should lose everything. They should also be denied participation in the impending shareholder class action suit.
Who's foolish enough to do that because they're now sitting on a major loss. Dumping would only cause the price to go much lower very fast.
At least those Arab bastards are smart and went for the ultra high yielding convertibles. So regardless of future shares outstanding, they will still own 5% of the company. Only way they would lose is if C ceased to exist before the conversion date...
Stupid LEH investors who bought at the secondary offering should lose everything. They should also be denied participation in the impending shareholder class action suit.