AboutPaul Henneman Expertise Stock forecasting and fair market valuations.
Experience
Past/Present clients CBSMarketwatch.com, Hoovers.com, Multexinvestor.com, Bank of NY, numerous hedge funds and institutions, other partners and clients can be viewed at http://www.valuengine.com/about/careers.html
Question I understand that Barclay's bank bought out Lehman Brothers but what I don't understand is if Lehman Brothers stock will still exist in the future. At .11 cents a share, it wouldn't have to go up much to make a profit. I guess I don't understand how a bankruptcy and then takeover will effect the stock. Any insight would be greatly appreciated!
Kurt
Answer Kurt,
Unfortunately it is unclear what will happen to the stock. Barclay's is buying some of the assets, but I don't think it is purchasing the company itself. The stock may very well end up worthless, perhaps if you are a very risky trader you could play the stock in the short term. But there is so much uncertainty and this would be incredibly risky. All bankruptcies are different, so it is rarely possible to say exactly what will happen, it depends upon the court decisions that administer the bankruptcy. There are better ways to earn a return in the stock market than to try to play with bankrupt companies.
I hope that this helps! Please do not hesitate to follow up with me if I can be of any additional service,
Sincerely,
Paul Henneman
President
ValuEngine Inc
www.ValuEngine.com
