as the second largest economy
I simply bought in at market
because it was still steadily moving
up and setting
any limit order,
hoping thatit might drop down a
just for you and me
I think your assessment is on target, but the
question is, what would be the value of a buyout? Only a
few months ago, the talk was that LEH was potentially
to be acquired in the $50s range. Have things
changed in the last couple of months to support a
purchase price by an acquirer (cash or stock) of $70
(current price) or $85 (recent high)? Do the fundamentals
support a price at these levels if no buyout were to
occur? Interested in your thoughts about a target price.
Lehman does not have the critical mass to have
"long-term viability" as an independent entity. What it does
offer is an opportunity for someone to enter into the
lucrative US securities market if they purchase Lehman.
This could be someone in the US like
Chase,Nationsbank, BankOne, etc. or it could be an international
organization like UBS, HSBC, ABN-AMRO etc.
be more global consolidation in the financial sector
in the next few years and Lehman is on everyone's
buy list. Let's hope that whoever buys this company
offers us an attractive stock in return. Something that
will have the "long-term viability" to make us all
Personally I would like to see them merge with someone
within the industry like AG Edwards or Paine Webber and
then sell out to Chase or NationsBank. I think this
would give us all the best results.
I'm fortunate to say that I got into this when it became public, at around $15/share. I have to say I'm tempted to take my
profits, particularly given recent action and because this now seems to be a stock that everyone loves to hate. And I don't want to
be greedy, as you have pointed out. However, I really HATE to sell-- I watched my father become rich through buy-and--hold over
a 30 year period, by buying good quality companies that rose and split, rose and split, over and over agin. I wonder what your
thoughts are about LEH's very long term viability. Thanks
Looks like a good intra-day "pop"...should hold with favorable numbers coming out this AM concerning the "Fed Watch" on the inflation front...this should calm fears of a rumored Fed
preemptive strike on interest rates....bought last April @$34....in it for the long haul!
such a strong run over the past few weeks that it is not surprising to me that some investors may be taking profits off the table....in addition during the past few days the brokerage sector has been hit by I think the Fed's comment about interest rates and the that they are no longer neutral. With the brokerage and financial sectors continuing to consolidate I'm still hopeful there will be an aquisition in the near future. Good luck.
Like you, I've been around for a long time, and I have to say that the returns thus far have certainly exceeded my initial expectations. If you're still around, I'm curious as to your, or any other long-time investors', take on recent price action. So far, this fits within the parameters of a normal correction. Right?