My wife and i are saving for a house, but the money is currently in a regular bank savings account and all we get is about $32 in three months. This is ridiculous. We want to save the money in the ...
I want one where I do not have to deposit a big chunk of money at once. I want to trade as I go so to speak....
chicagodude420
What will happen if I buy Lehman Brothers stock today?
I saw Lehman Brothers stock is down to 20 cents. What happens if I were to buy the stock? Does my stock suddenly become worth whatever the stock of the company who takes them over is or will I lose it since they have to pay off all their debts and stock holders are last?
As of Sept 18th Stock closed at 5 cents a share on the pink sheets.
Ticker Symbol LEHMQ or LEHMQ.PK
Barclays are buying the productive assets. There are a lot of unanswered questions that are being taken care of at the bankruptcy hearing in New York. You could buy a lot of shares at 5 cents.
It would probably be a long shot gamble. It would be easier for the stock to go to zero rather than hitting a few dollars a share.
CarlisleGirl
It's bankrupt. Don't buy.
markman
Are you crazy?
jeff410
They arent being taken over, last I heard. They filed bankruptcy. They will reoganize and issue new stock. The existing stock will eventually stop trading. You might make some money while the stock is still trading, as investors bat it around. If you are fortunate. But eventually you will lose all your money if you stay in it. There is no equity and the stock is worthless.
therealfreddy_p
man buy it i did look what happened to bear stearns a few months ago. it went down to 4.25 and now its at 9.50
Jimmy B
You will be giving your money to a disgruntled investor
omid
since they have filled for chapter 11 of bankruptcy therefor the company has no liability to creditors anymore. Also the equity of the company is worthless.
Grumple
Its in Chapter 11 and are selling their assets. You might make money on incremental changes, but I would avoid.
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