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!
Posted by guest , Sep 09, 2008 2:21PM
sham wow...mayo...too long didn't read #1
Posted by guest , Sep 09, 2008 2:22PM
GS buying LEH for $3...ha
Posted by guest , Sep 09, 2008 2:25PM
BAC to buy LEH...you heard it here first
Posted by guest , Sep 09, 2008 2:30PM
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.
Posted by guest , Sep 09, 2008 2:32PM
No way does anyone buy LEH until after earnings, otherwise their shareholders will sue the shit out of them if -50bn etc. in writedowns.
Posted by FUNdamental , Sep 09, 2008 2:41PM
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.
Posted by AJ , Sep 09, 2008 2:46PM
Pretty d*ck move by S&P
Posted by guest , Sep 09, 2008 2:48PM
bulls make money; bears make money; pigs get slaughtered.
Posted by guest , Sep 09, 2008 2:51PM
@7 - classic shoot the wounded move
Posted by guest , Sep 09, 2008 2:51PM
I am waiting for my next paycheck and I am buying a 75% stake. Any news on the layoffs?
Posted by guest , Sep 09, 2008 2:53PM
pretty soon Opco will be able to buy LEH
Posted by guest , Sep 09, 2008 2:57PM
pretty soon FNM will be able to buy LEH
Posted by AJ , Sep 09, 2008 3:00PM
Will it get in the 7's today...
Posted by guest , Sep 09, 2008 3:04PM
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!!
Posted by guest , Sep 09, 2008 3:08PM
Gasbags still talking about how FULD is still a great manager and how there is value at LEH.
Posted by guest , Sep 09, 2008 3:12PM
@13, just did, 7.75 low now.
Posted by guest , Sep 09, 2008 3:21PM
Callan As CFO looks like a great move now.............
Posted by guest , Sep 09, 2008 5:51PM
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.
Posted by guest , Sep 09, 2008 8:33PM
@7...the d+ck move by S&P was to sit on this for so many f-ing months.
Posted by guest , Sep 10, 2008 12:45PM
I am sure this problem is costing you business
Posted by guest , Sep 10, 2008 12:47PM
Time for a new web developer?