Lehman’s Last Eight Days: Short Sellers Not To Blame For Demise

Here is a graphic from the Financial Times depicting Lehman’s (LEHMQ.PK) last eight days:

Graphic courtesy of the Financial Times

You can click here to get access to the interactive graphic on the FT web site, along with additional information on Lehman Brother’s recent history, share price, etc, etc.

Looking at the timeline can you really make the case (as many have) that short-sellers are to blame when Lehman has been trying to sell all (or part of itself) for over a month, and no one was willing to do it once they reviewed the books? Could it just be that their balance sheet was so stricken with malaise that no sane person would want to buy it?

Disclosure: at the time of publishing the author didn’t own a position in any of the companies mentioned in this article; the ideas expressed are solely the opinions of the author and shouldn’t be viewed as financial or investment advice.

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