Lehman Brothers war rages in the news

The Lehman Brothers bulls-bears battle continues in low intensity mode. Reports that a Loomis Sayles bond fund was snapping up Lehman credits because the fund thought the bank's credit to be solid emboldened the bulls. Merrill Lynch also upgraded the shares. The news that the firm was actively buying back shares was a bullish boost. CNBC kept the pressure on with a segment that asked experts about the future of the company, wondering (as have a lot of people) whether it was the next Bear Stearns. What will really hurt the company now is an information void. It looks like Lehman is aware of that. What would really help decide this battle is some news on a capital-raising event or--ahem--an agreement to sell itself to a competitor. That idea is not so far-fetched.

For more:
- here's the CNBC item
- here's an article from TheStreet.com
- here's a CNBC article on Lehman moves to sell assets.

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