Richard Bove sticking to his guns on Lehman Brothers

Ladenburg Thalmann analyst Richard Bove is sticking to his guns on Lehman Brothers. He made headlines--again--not too long ago for his buy recommendation, which was driven by his belief that a hostile bidder will emerge. He still believes that is true. He says the potential bidders are private equity firms, banks and investment banking firms. Does he know something we don't? Because it is not clear at all who specifically will want to bid for the troubled investment bank. Most have their own issues right now. The fact that the stock trades at about half of book value is an indicator of what Mr. Market thinks of the theory. But who knows? Bove has been right before. We may get a surprise deal, though it may be more like a take-under than a takeover.  

For more:
- here's a MarketWatch article

Related Articles:
Is a takeover of Lehman Brothers reasonable?
Could anyone buy Lehman Brothers right now?