Tuesday, September 9, 2008

Lehman hits new lows

Lehman Brothers Holdings Inc. shares fell to a new year low Tuesday amid speculation the investment bank might sell off some of its operations or a stake in itself to raise capital.

Adding to it:
South Korea's Financial Services Commission Chairman Jun Kwang-woo said Tuesday that talks between state-run Korea Development Bank and Lehman Brothers Holdings Inc.

The stock traded as low as $8 this morning. At mid-8s, this is a buy again for a small bounce to mid-10s to 11s.

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