We’re sorry there’s so much about Lehman today but that’s the way the world is. Here are the two threads we’re pulling on right now to see what unravels. One sounds bullish for Lehman and the other bearish.
Anthony Freed, who covers Lehman extensively on his blog, claims that Lehman is close to announcing a merger with another publicly traded company. The deal, which would be for the entire company, will be announced this week, according to Freed. CEO Dick Fuld will stay on during the transition. Cautionary note: While we have no reason to doubt Freed’s credibility, we can’t think of any reason to take him an an authority on this either. We have no idea whether there’s anything to this story, and haven’t heard anything about this other than Freed’s report. Certainly, at Lehman’s current market cap it must look attractive to some buyers.
Standard & Poor’s has put Lehman’s credit on negative watch due to today’s free fall in the stock. This is the spiral that Lehman investors and executives feared. Fears over Lehman’s ability to raise capital and borrow fuel stock declines which fuel ratings warnings which make raising capital and borrowing more difficult. Swoosh!
sham wow…mayo…too long didn’t read #1
GS buying LEH for $3…ha
BAC to buy LEH…you heard it here first
Wouldnt those talks have to have been started a good few sessions ago? And wouldnt price talk have already started? Wonder what kind of per share price they’d get at this point.
No way does anyone buy LEH until after earnings, otherwise their shareholders will sue the shit out of them if -50bn etc. in writedowns.
Hotanus, new York:
Looks like we have another 6 weeks of credit crisis. Today, puxetawney s&p removed their head from their ass and did in fact see LEH getting bushwhacked, so they stuffed their head back into the large warm nether-region signaling liquidity issues at a large firm and at least 6 more weeks of rampant guessing and asshole opinions.
Pretty d*ck move by S&P
bulls make money; bears make money; pigs get slaughtered.
@7 – classic shoot the wounded move
I am waiting for my next paycheck and I am buying a 75% stake. Any news on the layoffs?
pretty soon Opco will be able to buy LEH
pretty soon FNM will be able to buy LEH
Will it get in the 7′s today…
Where is Bill Miller when you need him? I heard there are rumors that Legg Mason Value Trust Management will double down and buy 34 million shares of LEH! (No sell rumors here). Only BUY! BUY! BUY!!
Gasbags still talking about how FULD is still a great manager and how there is value at LEH.
@13, just did, 7.75 low now.
Callan As CFO looks like a great move now………….
Let’s hold a bake sale and buy Lehman with the proceeds!!
I make a mean chocolate chip cookie…volunteers?
We’ll set up a table in front of the building at 8 am.
If we do well, we can buy Lehman!
The DealBreaker Bake Sale to buy Lehman.
You are welcome to bring your children to sell Lemonade too.
@7…the d+ck move by S&P was to sit on this for so many f-ing months.
I am sure this problem is costing you business
Time for a new web developer?