Speculation is building that Lehman Brothers

LEH loading...

Quote  |  Chart  |  News  |  Profile

[LEH  Loading...      ()   ] could soon be sold. That theory first began to take hold when analyst Dick Bove upgraded Lehman to “Buy” and explained his reasons to you right here on Fast Money. (>Click here to read what he told us)

Meanwhile, state-run Korea Development Bank said Lehman was one of its options for acquisitions, reviving expectations that the U.S. investment bank might still bring in a large investor.

"We are studying a number of options and are open to all possibilities, which could include (buying) Lehman," a KDB spokesman said.

(LEH) Loading...       (%)

“The biggest question with Lehman is a lack of confidence in the balance sheet," he says on Fast Money. "I just think with the size of their commercial and residential mortgage portfolio, investors don’t have confidence in what book value they’re buying.”

And then three's the billion dollar question on every investor's mind. Should you buy Lehman on anticipation of a takeover?

I'm skeptical," replies Harte. "I think a takeout is unlikely. As much as I look at Lehman at $15 and say there's much more value in the franchise then the stock price is representing I don't think they're going to attract buyers until they address their balance sheet issues."

FAST MONEY // Latest Rapid Recap

Go to Main Page

Current DateTime: 11:03:26 10 Jul 2009
LinksList Documentid: 26256943

• • Halftime Report: Profit From Impending Earnings Avalanche!
  • Fast Trades Into Friday's Close
  • BEHIND THE MONEY: Stocks in a Show-Me-Sales State As Earnings Reports Approach
  • Your First Move For Friday July 10th
  • Web Extra: Real Estate Reality
  • Fast Money After Dark: Casino Stocks
  • Your Questions About Blackstone & Citigroup
  • Mischief Makers Attempt To Thwart World's Computers
  • Pops & Drops: Netflix, Western Union...
  • Don’t Get Burned By Hot Emerging Markets

Current DateTime: 11:03:26 10 Jul 2009
LinksList Documentid: 26256941

• Grab The Emerging Money Widget!
• Daily Poll: Tell Us What You Think!
• Word On The Street

____________________________________________________
Got something to to say? Send us an e-mail at and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send those e-mails to .

Trader disclosure: On Aug 22, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Karabell Owns (AAPL), (FMCN), (GLD), (GOOG), (JPM), (NOK), (SLB), (RIO), (WFR), (CHL): Tatro Owns (C), (GS): Quint Tatro Is The Principal Of Tatro Capital: Tatro Capital Owns (AAPL), (FXI), (QQQQ), (SPY), (T), (XLF): Jon Najarian Owns (SCHW) Calls, (AKAM) Calls: Terranova Owns (CME), (FCX), (YHOO), (SU), (AAPL), (EOG), (KOL), (GS), (NOV), (POT), (RIMM), (X), (SA), (VLO): Terranova Owns (AIG) Puts; Terranova Is Long October Crude Oil Futures; Terranova Is Long Crude Oil Time Spread (Long Dec. 2008, Short Dec. 2012); Terranova Is Long Sept. Mini SP Futures

Terranova Is Chief Alternatives Strategist Of Phoenix Investment Partners, Ltd.; Phoenix Investment Partners Owns More Than 1% Of (ABD), (ARE), (BRE), (CNTY), (CLB), (OFC), (DLR), (ESS), (EXR), (FL), (IAT), (IGE), (LNET), (MAC), (OIIM), (PSPT), (DBC), (DBV), (SLB), (SKT), (BLV)

Terranova Is Co-Portfolio Manager Of The Phoenix Diversifier PHOLIO
Phoenix Diversifier PHOLIO Owns (IGE), (DBC), (DBV)

Charles Schwab Is A Sponsor Of "Fast Money"

(MER) Is A Client Of Sandler O'Neill; (MS) Is A Client Of Sandler O'Neill
Sandler O'Neill Has Received Non-Inv. Bank. Comp. From (MER), (LEH)
(GS) Is A Non-Inv. Bank. Client Of Sandler O'Neill

Tools:

PrintEmail

Next Post

Previous PostBack to Main Page