JPM to buy BSC for $2.00!!!!

[FAST.AM]

i bought bear friday at 31 sold it at 36 made some $$ it was a coin toss to sell.. lucky i did

 

[dhyde]

"And the futures are nicely up!! Weird times "

sp500 down 13 and dow down 94

 

[FAST.AM]

what stops any other company from doing this? finance, its one thing for the ceo to say times are hard but this prick was saying the opposite. who is next??

 

[FAST.AM]

DOW futures are down 101

http://www.bloomberg.com/markets/stocks/futures.html

 

[FAST.AM]

gold and silver r up nicely

 

[stock_trad3r]

Bear for $2 a share..who could have imagined?

 

[FAST.AM]

exactly who is next?

 

[rjv27]

Quote from xflat2186:

Buying BSC for 2 when the clearing business is reported to be worth 20 tell you just how shitty the rest of the crap on their books is.

Don't forget the below:

Bear Stearns's profit exceeded $2 billion in 2006, yet the price JPMorgan is paying is about one quarter the value of the securities firm's headquarters building in midtown Manhattan. The 1.2 million-square-foot, 45-story structure built in 2001 is worth about $1.2 billion, based on the average $1,000 per- square-foot that comparable office space in the city is currently fetching.

 

[S2007S]

after seeing BSC being bought out for $2.00 I now believe Jim Rogers and his $5.00 price target on C.

 

[gwac]

That tells you there must be some ugly losses on the books that will have to be taken....

Quote from rjv27:

Don't forget the below:

Bear Stearns's profit exceeded $2 billion in 2006, yet the price JPMorgan is paying is about one quarter the value of the securities firm's headquarters building in midtown Manhattan. The 1.2 million-square-foot, 45-story structure built in 2001 is worth about $1.2 billion, based on the average $1,000 per- square-foot that comparable office space in the city is currently fetching.