JPM to buy BSC for $2.00!!!!

Discussion in 'Trading' started by riskymove, Mar 16, 2008.

  1. Still weird times.
     
    #31     Mar 16, 2008
  2. S2007S

    S2007S

    BSC holders


    TOP INSTITUTIONAL HOLDERS

    Holder Shares % Out Value* Reported
    BARROW, HANLEY MEWHINNEY & STRAUSS, INC. 11,485,058 9.73 $1,013,556,368 31-Dec-07
    MORGAN STANLEY 6,335,729 5.37 $559,128,084 31-Dec-07
    Legg Mason Capital Management, Inc. 5,721,010 4.84 $504,879,132 31-Dec-07
    PRIVATE CAPITAL MANAGEMENT, INC. 5,541,259 4.69 $489,016,106 31-Dec-07
    Barclays Global Investors UK Holdings Ltd 4,245,451 3.60 $374,661,050 31-Dec-07
    STATE STREET CORPORATION 3,550,715 3.01 $313,350,598 31-Dec-07
    VANGUARD GROUP, INC. (THE) 3,149,691 2.67 $277,960,230 31-Dec-07
    JANUS CAPITAL MANAGEMENT, LLC 2,765,699 2.34 $244,072,936 31-Dec-07
    FMR LLC 2,359,011 2.00 $208,182,720 31-Dec-07
    PUTNAM INVESTMENT MANAGEMENT, LLC 2,242,980 1.90 $197,942,985 31-Dec-07


    TOP MUTUAL FUND HOLDERS

    Holder Shares % Out Value* Reported
    VANGUARD/WINDSOR II 8,358,352 7.08 $949,508,787 31-Oct-07
    PUTNAM FUND FOR GROWTH AND INCOME 2,350,605 1.99 $267,028,728 31-Oct-07
    LEGG MASON VALUE TRUST 1,600,000 1.35 $196,496,000 30-Sep-07
    JANUS TWENTY FUND 1,496,429 1.27 $132,059,859 31-Dec-07
    VANGUARD 500 INDEX FUND 1,100,046 .93 $135,096,649 30-Sep-07
    PUTNAM VOYAGER FUND 965,300 .82 $109,658,080 31-Oct-07
    American Beacon Large Cap Value Fd 862,450 .73 $97,974,320 31-Oct-07
    PUTNAM INVESTORS FUND 742,700 .63 $84,370,720 31-Oct-07
    VANGUARD TOTAL STOCK MARKET INDEX FUND 702,594 .59 $86,285,569 30-Sep-07
    COLLEGE RETIREMENT EQUITIES FUND-STOCK ACCOUNT 696,560 .59 $85,544,533 30-Sep-07
     
    #32     Mar 16, 2008
  3. FAST.AM

    FAST.AM

    reminds me of wcom .. the ceo came out on wed and said all is well, i have to believe the fed already had there hand in it
     
    #33     Mar 16, 2008
  4. capmac

    capmac

    It could have been worse..


    JP Morgan could have only paid $1/share you know...

    :D
     
    #34     Mar 16, 2008
  5. Some people had to know, the volume friday was crazy. I guess that's how it goes, survive the next crisis so you can buy out the competition.
     
    #35     Mar 16, 2008
  6. Who's going to buy J P Morgan when they go broke?
     
    #36     Mar 16, 2008
  7. 3.2bb is gone. Just gone. And the Fed is picking up 30bb tab. Great. These guys have hosed me for 20 years, and they still are costing us money.

    I participated in the original deal; 1985 32 bucks with sixty cents I think. Anybody remember???
     
    #37     Mar 16, 2008
  8. Midas

    Midas

    JPM jumping on BSC in their weakest hour, will go down as one of the decades best trades!

    They should be kind enough to give each exec. at Bear a cigarette after this.
     
    #38     Mar 16, 2008
  9. No kidding? Wow thats a heck of a piece of insight you shared.
     
    #39     Mar 16, 2008

  10. SLK selling FirstOptions of Chi and then buying them back from First Conti 7 years later was one of the all time flips.

    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. We'll see how great a trade it is in the future. Going to be lots of long faces from the execs who got paid in BSC stock.
     
    #40     Mar 16, 2008