June 10th, 2008
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?
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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