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Dan Jacome's
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" BSC really went for just $1B, since the property on Madison is worth $1.2B according to sources."
Mar 16 20:38 pm
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All Comments by Dan Jacome »What's In Store for Bear on Monday? [View article]
--------------
sorry, I made an error - deal was for $236M, meaning BSC was valued at negative worth....
LEH will be in play Monday, ramping up on the balance sheet now, although if Joe Lewis couldn't make a decent bet here, how could us smaller investors ???
Clearly, Lewis, and this is an aside, doubled down and lost big - the beauty of Wall Street is that no one really has an advantage, smart people make gargantuan mistakes, and alas there is a reason equity holders sit at the bottom of the capital structure totem pole......