CHEAP CHEAP CHEAPER!!!
last night lehman shares dropped $6.36 per share to $7.79 on closing. if you are thinking of picking up some shares because it is cheap, think again.
lehman bros, the fourth largest investment bank in the us, is desperately seeking fresh capital injection to help cover further mortgage-related writedowns. according to the market capitalization of $11.2b before yesterday price collapse, the only valuable gem that the market accounted for in lehman is its fund management division say to be worth $8b. doing the sum correctly, you will know that wall street currently values very little of lehman's other businesses quite in line with valuations given to other us securities firms. so if they do manage to sell the fund management business away, you will be left with not much as a shareholder. not forgetting there will be more writedowns and ................
therefore, no financial for me just yet but do look out for those that are buying assets from these badly burnt banks such as money-making divisions or even credit related products. they will be the sole winners from this mess someday!
last night lehman shares dropped $6.36 per share to $7.79 on closing. if you are thinking of picking up some shares because it is cheap, think again.
lehman bros, the fourth largest investment bank in the us, is desperately seeking fresh capital injection to help cover further mortgage-related writedowns. according to the market capitalization of $11.2b before yesterday price collapse, the only valuable gem that the market accounted for in lehman is its fund management division say to be worth $8b. doing the sum correctly, you will know that wall street currently values very little of lehman's other businesses quite in line with valuations given to other us securities firms. so if they do manage to sell the fund management business away, you will be left with not much as a shareholder. not forgetting there will be more writedowns and ................
therefore, no financial for me just yet but do look out for those that are buying assets from these badly burnt banks such as money-making divisions or even credit related products. they will be the sole winners from this mess someday!
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