Lehman Brothers to file for bankruptcy

[Osiris]

Lehman Brothers is now under LEMHQ at 0.0980 USD.

Check out the Yahoo LEMHQ page, the 1-year target estimation of this stock is 8 USD! I don't know what is Yahoo thinking here! But Lehman declared bankruptcy under chapter 11, which means that the company should develop a plan of reorganization to get out of debt (Source: Corporate Bankruptcy). Can this stock re-emerge?

What's your take on this one?

[SISCO]

Originally Posted by Osiris

Lehman Brothers is now under LEMHQ at 0.0980 USD.

Check out the Yahoo LEMHQ page, the 1-year target estimation of this stock is 8 USD! I don't know what is Yahoo thinking here! But Lehman declared bankruptcy under chapter 11, which means that the company should develop a plan of reorganization to get out of debt (Source: Corporate Bankruptcy). Can this stock re-emerge?

What's your take on this one?

Personaly i don´t think so !!!! Many big investment banks helped in the fast fall of Lehman Brothers.
For example, JP Morgan has blocked 14 Billion $ that could postpone the fall of LB.

I think it´s the end of Lehman Brothers.

[Danny Z]

What is the restructuring plan like?

[shevchenco]

if you lost money last week, don't be sad. You are not alone:




BTW, there was some economist on aljazeera saying that 300 Lebanese lost their jobs (really good paying jobs) as they were working for Lehman Brothers. The total Lebanese lost their jobs due to this crisis (just in the US) around 3000.