Me on LEH in 2005:” I can’t put my finger on it, but I don’t see where all the growth comes from.”

At the end of 2005, I posted some thoughts for 2006 including a few stocks to sell immediately. One of the stocks I said to sell was Lehman Brothers:

There’s something about Lehman Brothers (LEH) that I just don’t get. Every quarter they put up great numbers. I can’t put my finger on it, but I don’t see where all the growth comes from. How can they consistently do what others can’t? Maybe the company really is that good. Maybe not. Personally, I’m rooting for the yield curve.

Posted by on September 16th, 2008 at 11:50 am


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