Dividend.com: More Questions for Lehman
- Loading Comments...
Lehman Brothers (LEH Quote) said it will report a loss of $3.9 billion in the third quarter, an announcement that came as the company disclosed other initiatives meant to pull it out of its downward spiral.
The quick breakdown of this announcement is that the company will cut its annual dividend, spin off its commercial real-estate holdings to shareholders and sell a majority stake in its Neuberger Berman investment-management division.
The beat goes on for Lehman Brothers, as the markets hope that this company starts to come off the front page soon. The markets hate uncertainty, and Lehman moved up its earnings release in an attempt to bring clarity to the situation. We continue to say Lehman Brothers is only for extremely nimble short-term traders and not for long- or short-term investors. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,366.15 | 1,099.92 | 2,173.14 | 33.80 |
Oil *
77.73
|
|
DOWN
86.53
|
DOWN
9.32
|
DOWN
11.89
|
UP
0.57
|
10 Yr
3.38%
SPDR Gold
118.70
|
|
-0.83%
|
-0.84%
|
-0.54%
|
+1.72%
|
Data delayed 20 minutes |


Connect with TheStreet