It is Lehman Brothers Holdings, this year's worst-performer on the Standard & Poor's 500 Index. Lehman fell to US$4.22 in composite trading on the New York Stock Exchange after a record US$3.9 billion loss for the third quarter.
Lehman Brothers is for sale as the threat of potential exodus of clients and trading partners is real.
Not too long ago Lehman Brother has just recommends investor to catch possible upturn by a portfolio combining high-yield and high-beta stocks.
The portfolio consists of:
1. ST Engineering (ST Engg)
2. Keppel Corp
3. Suntec Real Estate Investment Trust (Reit)
4. United Overseas Bank (UOB),
5. StarHub
6. Singapore Press Holdings (SPH)
7. Singapore Exchange (SGX)
8. CapitaLand
Please do not take this recommendation for real, the analyst who wrote the report may be out of job tomorrow.
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