Lewis, the second-largest shareholder of the New York-based securities firm, added 1.8 million shares to bring his holdings to 9.4 percent as of Dec. 31, according to data compiled by Bloomberg. Morgan Stanley, the third-biggest investor through mutual funds offered to clients, upped its position to 5.4 percent with the purchase of 4.7 million shares. http://www.bloomberg.com/apps/news?pid=20601087&sid=aPngPl0BDD1s&refer=home Those LUCKY MS fund holders having razor sharp pros managing their money. Bill Miller was in there of course. Legg Mason Capital Management, run by Bill Miller, added 1.7 million shares and is the fifth-largest holder, according to the data. Still think Lewis is just a nomiee. Not his style.
the april 30 strike puts are going for 9.00 hopefully they'll add the April 5 strike puts on Monday wouldn't want to screw the BSC longs out of cheap insurance
They deserve to collapse..... Bear Stearn's Cayne Was Playing Bridge in Detroit, WSJ Says By Nicholas Larkin March 15 (Bloomberg) -- Bear Stearns Cos. Chairman James ``Jimmy'' Cayne was playing in the North American Bridge Championship in Detroit over the past two days, the Wall Street Journal reported. Cayne and a partner were placed fourth in a pair's event on March 13, the newspaper reported yesterday, citing the American Contract Bridge League's Web site. The event took place while Bear Stearns Chief Executive Officer Alan Schwartz held a series of conference calls with company directors to discuss a cash pledge from the Federal Reserve and JPMorgan Chase & Co., the Journal said, citing unnamed ``insiders'' and people familiar with the matter. Cayne participated in at least some of the discussions, the newspaper said. Cayne was playing the game yesterday as the investment bank's shares plunged, according to an unnamed attendee, the Journal reported, adding that Cayne declined a request to comment.
Think about it, the Fed is bailing out a company whose major shareholder can't be bothered to turn up.
ya, and they pushed out the liquidity issue AFTER bonus season. any guesses on the 2008 bonus siutation
It's acting like a takeUNDER around $5.00-$10.00. Didn't some 80 executives at Bear Sterns make over 10 million per year in the last 3 years ? Obviously it was phoney shit.....why don't they just give it back and save the company? Ditto to the rest of them!
i think the drinks are on you! this is gonna be one sweet trade........ well done matey - nuff respect.