STICK WITH CRAMEEERRRRR BOOO YAAAA
Cramer says BSC not in trouble
- Thread starter bat1
- Start date
STICK WITH CRAMEEERRRRR BOOO YAAAA
February 15, 2008 11:00 AM EST
Bear Stearns (BSC) Surges As Takeover Talk Heats Up
February 15, 2008 11:00 AM EST
Shares of Bear Stearns (NYSE: BSC) are on the move today as takeover rumors, which have surrounded the name since the subprime debacle started, have heated up.
Bloomberg quoted the head of equity trading at Lek Securities, Michael Mainwald as saying "The rumor going around is a $98 cash offer over the weekend."
One market participant suggested to StreetInsider.com, that instead of renegotiating its investment deal with Bear, China's Citic Securities could just buy the entire investment bank. Of course, this could create concerns with US regulators.
Recently, market pundit, Jim Cramer said UBS (NYSE: UBS), Deutsche Bank (NYSE: DB), or Credit Suisse (NYSE: CS) could buy Bear.
Shares of Bear Stearns are up about 5% currently.
Bear Stearns (BSC) Surges As Takeover Talk Heats Up
February 15, 2008 11:00 AM EST
Shares of Bear Stearns (NYSE: BSC) are on the move today as takeover rumors, which have surrounded the name since the subprime debacle started, have heated up.
Bloomberg quoted the head of equity trading at Lek Securities, Michael Mainwald as saying "The rumor going around is a $98 cash offer over the weekend."
One market participant suggested to StreetInsider.com, that instead of renegotiating its investment deal with Bear, China's Citic Securities could just buy the entire investment bank. Of course, this could create concerns with US regulators.
Recently, market pundit, Jim Cramer said UBS (NYSE: UBS), Deutsche Bank (NYSE: DB), or Credit Suisse (NYSE: CS) could buy Bear.
Shares of Bear Stearns are up about 5% currently.
Watch for a Takeover Bid for Bear
By Jim Cramer
RealMoney.com Columnist
1/24/2008 11:13 AM EST
What's been missing here? What else happened in 1990 besides investments from overseas and a Fed that cut rates?
Takeovers.
I think they are about to occur. I keep thinking about the changes at Bear Stearns (BSC) , where a great brand name with great investment banking has fallen 90 points from its high. Bear has good stock trading, good prime brokerage and a good fixed income, ex mortgages.
Cramer: Bear Stearns Ripe for Takeover
While Alan Schwartz is a good man who can do a decent job at Bear, I have to tell you that I think that this company is too valuable to others to be independent. Just too valuable.
In short, I think it will be taken over. I have to believe that UBS (UBS) , which needs to shore up investment banking; Deutsche Bank (DB) , which wants to own prime brokerage; or Credit Suisse (CS) , which needs better stock trading; could all be expected to bid for this company.
I also think the fact that Jimmy Cayne, the chairman, needs to reward shareholders who have stuck with him, and get something big out of this company.
Bear has scrubbed the books; I don't believe there are any hidden skeletons. It makes for a nifty $15 billion acquisition -- it is currently at $12 billion, half of what it was!
Most important, this stock acts too well for me to think that it's not going away.
Yes, I am predicting it: Bear will be bought, and it will be bought at a hefty premium as part of the needed consolidation during this period.
I would buy it. And I would buy calls on it out a month.
I think you will make great money.
At the time of publication, Cramer had no positions in the stocks mentioned.
By Jim Cramer
RealMoney.com Columnist
1/24/2008 11:13 AM EST
What's been missing here? What else happened in 1990 besides investments from overseas and a Fed that cut rates?
Takeovers.
I think they are about to occur. I keep thinking about the changes at Bear Stearns (BSC) , where a great brand name with great investment banking has fallen 90 points from its high. Bear has good stock trading, good prime brokerage and a good fixed income, ex mortgages.
Cramer: Bear Stearns Ripe for Takeover
While Alan Schwartz is a good man who can do a decent job at Bear, I have to tell you that I think that this company is too valuable to others to be independent. Just too valuable.
In short, I think it will be taken over. I have to believe that UBS (UBS) , which needs to shore up investment banking; Deutsche Bank (DB) , which wants to own prime brokerage; or Credit Suisse (CS) , which needs better stock trading; could all be expected to bid for this company.
I also think the fact that Jimmy Cayne, the chairman, needs to reward shareholders who have stuck with him, and get something big out of this company.
Bear has scrubbed the books; I don't believe there are any hidden skeletons. It makes for a nifty $15 billion acquisition -- it is currently at $12 billion, half of what it was!
Most important, this stock acts too well for me to think that it's not going away.
Yes, I am predicting it: Bear will be bought, and it will be bought at a hefty premium as part of the needed consolidation during this period.
I would buy it. And I would buy calls on it out a month.
I think you will make great money.
At the time of publication, Cramer had no positions in the stocks mentioned.
This rich person deserves to lose all his money if he has to rely on some moron on TV for financial advice while he can afford to have an account at BSC.