Lehman Brothers can't seem to win
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
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