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

Discussion in 'Wall St. News' started by ehoofnagle, Mar 27, 2008.

  1. He must not have much faith in this deal going higher or if at all.
  2. I wonder how it feels to go from $500m to $60m. Must suck.
  3. 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.
  4. More time to play cards!

  5. You don't need a billion $ to get high and play golf the rest of your life. $50 million is plenty.
  6. I'll make sure to put him on my list to file suit against.