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Forums » Bulk REO Discussion and REO Dealmaking Forum » Lehamn to take a huge loss

Lehamn to take a huge loss Subscribe to Lehamn to take a huge loss 1 post by 1 user

Stephen M.

Residential Real Estate Agent
Moreno Valley, CA
The_house_forum_avatar

189 posts
Icon_minipost Posted: 07/23/2008 at 11:50AM

http://biz.yahoo.com/rb/080723/lehman_research_ubs.html?.v=1

So its not new news that LEH is a loosing company right now. What did suprise me is that they publicly admitted to the plan of selling off 30b in assets and the stock rallied $10 a share. Last I checked 30b at 55-60 is a 13.5b to 12b loss and those assts are leveragable. Is there something I don't know?

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