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Cramer on BloggingStocks: Lehman took itself, and others, off death watch

 Apr 02, 2008 08:55 AM UTC
Return Risk
+1.30% MID
Tracked Blogger
Symbol Sentiment Start Return Closed
WM Positive 04/02/08 +178.06% --
WB Positive 04/02/08 -41.73% 06/20/08
C Positive 04/02/08 +3.61% 04/24/08
LEH Positive 04/02/08 -1.28% 04/24/08
MER Positive 04/02/08 -1.96% 04/24/08
UBS Positive 04/02/08 -36.86% 08/12/08
MS Positive 04/02/08 -9.41% 08/12/08
BSC Positive 04/02/08 +1.40% 05/05/08

Graphic_arrow1 Via BloggingStocks:  

Filed under: Market matters, Citigroup Inc. (C), Merrill Lynch (MER), Morgan Stanley (MS), Wachovia Corp (WB), Washington Mutual (WM), Lehman Br Holdings (LEH), Bear Stearns Cos (BSC), Stocks to Buy, Cramer on BloggingStocks

TheStreet.com's Jim Cramer says that by offering a good yield, Lehman helped transform the case on a number of financials.

In a world of virtually no fixed-income return, when you offer a 7% piece of paper with terrific upside, as Lehman (NYSE: LEH) (Cramer's Take) did, you can bet you will get takers.

Sure the yield wasn't as good as Merrill's (NYSE: MER) (Cramer's Take), but Merrill's balance sheet isn't as good as Lehman's.

I know there was a lot of rejoicing yesterday about taking Lehman off the table and also UBS (NYSE: UBS) (Cramer's Take) off the table as patients that could die. One by one we stabilize them.

Yes, we can still worry about Wachovia (NYSE: WB) (Cramer's Take), Washington Mutual (NYSE: WM) (Cramer's Take) and yes, Citigroup (NYSE: C) (Cramer's Take) (I am removing Morgan Stanley (NYSE: MS) (Cramer's Take) because I think they could offer the same terms as Lehman), but the more you ensure that other firms won't meet Bear's (NYSE: BSC) (Cramer's Take) fate, the more you want to put money with WM, C and WB no matter how bad you think they are.

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