Lehman Brothers shares have been on a wild ride as the investors debate whether the brokerage is going to be able to avoid the fate suffered by Bear Stearns.
In recent days, Lehman has take steps to sell off some of its riskier assets and eliminate its proprietary trading. There also have been reports that the company is looking overseas for a strategic partner.
However, news that investment manager Loomis Sayles has been buying Lehman Brothers debt over the past several days--and a decision by Merrill Lynch to upgrade Lehman shares to buy--sparked a rally in Lehman shares.
CNBC asked the experts for their insight on the situation.