Bear Stearns Cayne Sells Stake for $61.3 Million Ahead of JPMorgan Deal

[ehoofnagle]

He must not have much faith in this deal going higher or if at all.

 

[makloda]

I wonder how it feels to go from $500m to $60m. Must suck.

 

[ehoofnagle]

The stocks peak was 171, I believe. 52 wk high is 160. Your looking at over $1 Billion+ down the toilet. This while he played bridge and golf and got high.

 

[WaveStrider]

More time to play cards!

 

[TheDudeofLife]

Quote from ehoofnagle:

The stocks peak was 171, I believe. 52 wk high is 160. Your looking at over $1 Billion+ down the toilet. This while he played bridge and golf and got high.

You don't need a billion $ to get high and play golf the rest of your life. $50 million is plenty.

 

[mschey]

I'll make sure to put him on my list to file suit against.