TheStreet.com RealMoney

LEH Has One Play

By Jim Cramer

 About this article:
 It is time. It is time for Lehman to put up its defense. Not the talking one. But the one it used in 1998 when everyone thought it was a goner. It needs to go in and start buying its stock. Think about it. If Lehman is right and self-styled nemesis David Einhorn from Greenlight Capital is wrong about the firm needing capital, this has to be one of the greatest buying opportunities Richard Fuld, the CEO, has ever had. Not since 1998, when he bid me $31 for a million shares in order to take advantage of the endless raids that his firm had because of alleged problems in London, has Richard Fuld had such a great chance to make a statement. But here's the flip side. Without such a vow and show of not just confidence but opportunity, the market is going to determine that...

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