Tuesday, August 19, 2008 1:21:00 PM
Lehman write-down may hit $4 bln
http://tinyurl.com/6gxg6a
Lehman Brothers Holdings Inc.'s write-downs in the third quarter could hit $4 billion as the company continues to wrestle with its exposure to the troubled mortgage market, according to J.P. Morgan analysts.
Shares of Lehman were down 10% in midday trades Tuesday on growing speculation the company will be forced to sell assets or take other measures to raise capital.
Also, talk that Lehman Brothers could unload at least part of its investment-management unit heated up again on Tuesday following a new report that the investment bank has started sending out detailed information on the business to private-equity investors.
Lehman Brothers is facing "another difficult quarter," said J.P. Morgan analysts, who lowered their profit forecasts.
#msg-30822769..#msg-26699911..#msg-26700212
My posting is for my own entertainment, do your own DD before pushing your buy/call button
http://tinyurl.com/6gxg6a
Lehman Brothers Holdings Inc.'s write-downs in the third quarter could hit $4 billion as the company continues to wrestle with its exposure to the troubled mortgage market, according to J.P. Morgan analysts.
Shares of Lehman were down 10% in midday trades Tuesday on growing speculation the company will be forced to sell assets or take other measures to raise capital.
Also, talk that Lehman Brothers could unload at least part of its investment-management unit heated up again on Tuesday following a new report that the investment bank has started sending out detailed information on the business to private-equity investors.
Lehman Brothers is facing "another difficult quarter," said J.P. Morgan analysts, who lowered their profit forecasts.
#msg-30822769..#msg-26699911..#msg-26700212
My posting is for my own entertainment, do your own DD before pushing your buy/call button
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