Lehman saga continues with the crooks from government trying to take down another investment bank by having an emergency meeting.
The solution is simple- Lehman should buy itself out. With market values of $3 bil, they can take themselves private for $5 bil.
Lehman can then do away with the short sellers and media - which is trying to profit by destroying the firm. The book value of the firm is $26 bil, even writing down its $30 bil real estate assets by another half - Lehman still worth $13 bil. By taking itself private, Lehman can survive - with bunch of pissed-off ex-shareholders.
+800 sh LEH.
Saturday, September 13, 2008
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