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this needed its own thread...BSC 383 Madison Ave building worth $1.2 BILLION....
- Thread starter S2007S
- Start date
Why do so many people on ET fail to understand the concept of negative equity.
If liabilities exceed assets, how much is it worth. If stocks did not have limited liability, shares of BSC would be trading for less than zero.
Think of it like a sub-prime loan. If the building is worth 1.2 billion but the mortgage is 2 billion. How much is the building with mortgage worth to an investor?
If liabilities exceed assets, how much is it worth. If stocks did not have limited liability, shares of BSC would be trading for less than zero.
Think of it like a sub-prime loan. If the building is worth 1.2 billion but the mortgage is 2 billion. How much is the building with mortgage worth to an investor?
JPM has the option to buy the building if the deal doesn't go through. That is pretty funny.
Did Bear own the bldg free and clear or did its lenders have mortgages on it?
That big RE value is a headline grabber but teh company might not have had any equity in it.
Nobody talking.
That big RE value is a headline grabber but teh company might not have had any equity in it.
Nobody talking.
And the people with the knowledge. And the technology. I believe the WSJ even wrote about it yesterday. Bear was #1 in prime brokerage before this collapse. They probably dropped to #3 though because 2 and 3 were not far behind. JPM would love to get into that business in a big way.Quote from Div_Arb:
I hear their prime brokerage business is a mere shell of what it used to be. Lots of client defections. I would assume all of the infrasctructure is in place, though.