CNBC Bonus Bucks Trivia: n “Lehman to Raise $6 Billion, Expects $2.8 Billion Loss” (June 9), who offered insights to CNBC’s Squawk Box?
Posted on Tuesday, June 10th, 2008 | In Current Market News, Stocks to Watch
Contributed by: William A. Trent (http://stockmarketbeat.com) -
n “Lehman to Raise $6 Billion, Expects $2.8 Billion Loss” (June 9), who offered insights to CNBC’s Squawk Box?
David Einhorn, of hedge fund Greenlight Capital, which has sold shares of Lehman short in a bet they will decline, told CNBC’s “Squawk Box” that he wonders if Lehman is raising enough money to fix its problems.
In the models I follow, Lehman (LEH) looks good for return potential, but its earnings momentum, price momentum and free cash flow are lousy.
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 About William A. Trent (http://stockmarketbeat.com)
Stock Market Beat editor William A. Trent, CFA, has been an equity analyst since 1996 and is co-author of Understanding and Evaluating Prospectuses, Offering Documents, and Proxy Statements. His experience includes stints with institutional investors responsible for more than $70 billion in assets and covers all market-cap sizes. Sector concentrations have been within the TMT (Telecom, Media and Technology) and Transportation sectors. He is also the senior editor of Financial Education. He is available for freelance writing and consulting projects and can be contacted here. |
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