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All, As the world burps from too much, too fast economic growth and national banking systems around the world that are not mature enough to handle it, Lehman Bros (down from 80 ish early this summer to 27 ish now) should be in a great position for the next cycle. The question is can they ride out the down turn? With a P/E of 4 1/2, reasonable liquidity, and a management that just learned a leason, I think the answer is an emphatic yes. Maybe the best bargain on the Street right now IMHO. Please jump in and enlighten me/us otherwise. Thanks, Bill | ||||||||||||||
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