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Lehman Brothers can't seem to win

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Lehman Brothers
David Einhorn

Lehman Brothers' stock has really tanked the last few days, and you have to wonder how long management can survive. It seems like the top dogs have lost the lost analyst community. Lehman's capital injection plans, as Fortune notes, are going over like a lead bagel. Critics say the de-leveraging needs to go father and the offerings will lead to way too much dilution. The last straw may be the upcoming earnings report. If it even smells of a downside surprise, it will only escalate the tension. So we have to ask, what can Lehman say or do to sate its critics? A mega deal of some sort might do the trick. But that doesn't seem to be forthcoming. Perhaps the shorts will take some profits soon, and allow the board some time to come up with a plan.  

For more:
- here's the Fortune article
- David Einhorn seems to be winning support. Commentary
- Analysts remain wary. Article

Related Articles:
Is Lehman Brothers' future any clearer?
Lehman takes a big swing at the shorts

Comments

Why is no one talking about Ron Filler who was head of derivatives compliance at Lehman?

He bailed out a year ago and crawled into jobs at U. of Illinois and New York School of Law teaching derivatives compliance.

He tried at a lot of other top tier schools and was turned down. He was at Lehman for over a decade. Derivatives compliance--now that's an oxymoron. Let's add him to the list of people Congress is grilling.

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