Smoke Screen: Lehman Preferred Offering

After hours, shares of Lehman (LEH) took a nosedive, down another 7% to $34.80 before recovering toward $36.60 by the end of trading. Why? At exactly 4:39pm, Lehman announced a share offering to help them with a much needed capital infusion. Moreover, it is very troubling that on a daily basis, new information is uncovered that [...] SHARETHIS.addEntry({ title: "Smoke Screen: Lehman Preferred Offering", url: "http://www.thedisciplinedinvestor.com/blog/2008/03/31/lehman-preferred-offering/" });