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# Lehman reports record loss

Author Message
VP
Joined: 09 Jan 2007
Posts: 1045

Kudos [?]: 162 [0], given: 3

Location: New York, NY
Schools: Chicago Booth Class of 2010

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09 Jun 2008, 06:51
http://www.ft.com/cms/s/a0c4461e-3617-1 ... e%2Feurope

LEH is trading around 28.8, falling 10.8% from the 32.29 close of friday,

Will it be the next Bear Stearns?
_________________

Rhyme´s guide to interviewing
http://www.gmatclub.com/forum/t55030

Kwam's Profile
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Kudos [?]: 162 [0], given: 3

Senior Manager
Joined: 30 Jul 2007
Posts: 385

Kudos [?]: 59 [0], given: 5

Location: Europe
Schools: St. Gallen '09
Re: Lehman reports record loss [#permalink]

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09 Jun 2008, 14:11
kwam wrote:
http://www.ft.com/cms/s/a0c4461e-3617-11dd-8bb8-0000779fd2ac,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2Fa0c4461e-3617-11dd-8bb8-0000779fd2ac.html&_i_referer=http%3A%2F%2Fwww.ft.com%2Fhome%2Feurope

LEH is trading around 28.8, falling 10.8% from the 32.29 close of friday,

Will it be the next Bear Stearns?

i bought some LEH today.

Kudos [?]: 59 [0], given: 5

Senior Manager
Joined: 30 May 2007
Posts: 496

Kudos [?]: 70 [0], given: 0

Re: Lehman reports record loss [#permalink]

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09 Jun 2008, 15:26
kwam wrote:
http://www.ft.com/cms/s/a0c4461e-3617-11dd-8bb8-0000779fd2ac,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2Fa0c4461e-3617-11dd-8bb8-0000779fd2ac.html&_i_referer=http%3A%2F%2Fwww.ft.com%2Fhome%2Feurope

LEH is trading around 28.8, falling 10.8% from the 32.29 close of friday,

Will it be the next Bear Stearns?

I say "no" because they have been delevering for some time now, so investors can't make a run on them like they did on Bear. In addition to the deleveraging, \$6B in capital will be a nice shot of liquidity. Of course, I base my assumption that the worst is behind us; otherwise, this credit cycle could outlast Lehman's \$6B--andother financial institutions for that matter.

Kudos [?]: 70 [0], given: 0

Senior Manager
Joined: 30 Jul 2007
Posts: 385

Kudos [?]: 59 [0], given: 5

Location: Europe
Schools: St. Gallen '09
Re: Lehman reports record loss [#permalink]

### Show Tags

09 Jun 2008, 16:20
djhouse81 wrote:
kwam wrote:
http://www.ft.com/cms/s/a0c4461e-3617-11dd-8bb8-0000779fd2ac,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2Fa0c4461e-3617-11dd-8bb8-0000779fd2ac.html&_i_referer=http%3A%2F%2Fwww.ft.com%2Fhome%2Feurope

LEH is trading around 28.8, falling 10.8% from the 32.29 close of friday,

Will it be the next Bear Stearns?

I say "no" because they have been delevering for some time now, so investors can't make a run on them like they did on Bear. In addition to the deleveraging, \$6B in capital will be a nice shot of liquidity. Of course, I base my assumption that the worst is behind us; otherwise, this credit cycle could outlast Lehman's \$6B--andother financial institutions for that matter.

well, i don't agree at all with the notion that the worst is behind us. but, that's what makes a market!

Kudos [?]: 59 [0], given: 5

VP
Joined: 09 Jan 2007
Posts: 1045

Kudos [?]: 162 [0], given: 3

Location: New York, NY
Schools: Chicago Booth Class of 2010
Re: Lehman reports record loss [#permalink]

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10 Jun 2008, 06:11
I still see some dark clouds ahead too...
_________________

Rhyme´s guide to interviewing
http://www.gmatclub.com/forum/t55030

Kwam's Profile
http://gmatclub.com/forum/111-t57360

Kudos [?]: 162 [0], given: 3

Senior Manager
Joined: 30 Jul 2007
Posts: 385

Kudos [?]: 59 [0], given: 5

Location: Europe
Schools: St. Gallen '09
Re: Lehman reports record loss [#permalink]

### Show Tags

10 Jun 2008, 09:10
looks like i bit a little too early on LEH!

Kudos [?]: 59 [0], given: 5

Re: Lehman reports record loss   [#permalink] 10 Jun 2008, 09:10
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