Sahappyc

Brokerage Stocks Nosedive on Bear Stearns Fallout

Apparently the author of the article has not done enough research to understand that this deal is not done. 1) The Bear Shareholders have to approve this, of which a British Billionaire who owns 10% says he doubts it will get done and 2) the Bear Building is worth $2 a share and 3) it was a liquity problem even the JP Morgan staff stated in their shareholder meeting, the books are in good shape, and 4) it appears the book value is somewhere at $40 a share or above. So if you were a share holder would you take $2? NOT