Freak'n' incredible. Not long ago Ben says no major bank failures just small real estate -related fiascos. Then BSC Ceo say rumors are "ridicilous". Then overnight 24-hour (unexpected?/rumor-enabled) crunch crushes outfit. . . .now defunct pending takeover. All in just days! And just these past few - what is in store? SP ratings says worst is over, end in sight (like I believe them. They then have to downgrade BSC. These investment bank 'yahoos' really messed the financail industry ALL up. They should've come clean at the beginning - taken their full write-downs and got on with the business of making money. But typical human error most traders are well-aware of, sunk the pros. Won't be long for things to get REAL ugly. Oh well make money on the downside and let them sort it out. pS :eek:
i don't think anyone has factored in the melee once everyone and their Mother decide to start suing these crooks. :eek:
watch all 5 parts of this... the 911 stuff is bullshit but the rest of it is fairly well done... http://youtube.com/watch?v=_dmPchuXIXQ
Valueline data: BSC Additional Info Proj 3-5 Yr EPS: 15.60 Annual Sales: 16,151M Gross Margin: 66% Operation Inc.: 10,585M Net Income: 233M Cash: 34,296M Book Value per share: 101.42 % Insider Holdings: 9.70% % Institutional Holdings: 76.16%