5th biggest USA investment bank sold for half the price of Adult Friend Finder !!!!
 

Go figure,


JPMorgan pays $236.2 million or $2 a share for Bear Stearns one of the usa,s oldest invesment banks and penthouse paid a reported $500 million for AFF :thumbsup

maybe porn companies do have value :)

just something to think about !:)

thought about it.. thanks!

banthis- and what was your conclusion

mine was maybe a few here could get together and buy a few banks :)

Imagine the headline

CrackHoes.Com and Associates purchase JPMorgan type of thing :1orglaugh

Hey in this world everything is possible :winkwink:

Nahh, not everything, as far as I can see they purchased the bargain with your and my money, ie taxpayer's cash. It's a Federal bail-out, rewarding those with tax-$$$ who created the crisis in the first place, made Billions, and now cry poor to the Feds.

" Treasury Secretary Henry Paulson said on Sunday that talks about how to rescue Bear had continued throughout the weekend. He defended the Fed's bailout on Friday as "the right decision" and said the Bush administration was ready to take other actions to bring stability to the financial markets." (Source: CNN)

JPMorgan's acquisition of Bear Stearns represents roughly 1 percent of what the investment bank was worth just 16 days ago. It marked a 93.3 percent discount to Bear Stearns' market capitalization as of Friday, and roughly a 98.8 percent discount to its book value as of Feb. 29.

Uhh! That sounds like "a heck of a deal". Heck of a job, too.

Just four days ago Bear Stearns Chief Executive Alan Schwartz assured Wall Street that his company was not in trouble .... management needs investigated by the SEC and should face criminal charges and prison.

L-Pink-Just four days ago Bear Stearns Chief Executive Alan Schwartz assured Wall Street that his company was not in trouble ....

I think thats the standard statement now taught at biz school and was shown at its best by the minister of info in iraq when the invasion took place :1orglaugh

Tommorow Bush will do a turn along the lines of "everythings fine it was a great biz deal for everyone and its good to see consolidation :1orglaugh

Misleading/lying to investors is a criminal offense.

This from Bear Stearns homepage ........
 

"bear Stearns First Quarter Earnings Announcement Scheduled For March 17, 2008 Will Not Occur"

The company sold for less than the annual amount of executive bonuses.

Might wanna figure the 30 billion dollar credit line the gov extended them in addition to your figures before you spout stupid shit like AFF being favorabally valued vs bear stearns :P

the market is going to dive tomorrow

Really? Mr Potato Head is asleep and he is dreaming of his 401k growing into enough so he can retire with a fishing boat installed with a dish and plasma. Gotta keep up on those sports scores don't cha know!:thumbsup

Fellas and guess who is next on the list to fall

Short Lehman Bros, cause its going down next

The company was going down and they got a bonus. Now that to me seems like a good job. Or criminal.

Think about your comment GigoloMason .....the 30 billion is to cover some of thier debts and the sale price was $236 million

Now consider AFF sold for 500 million and it didnt need a urgent 30 billion loan to save it and you can see Bear Stearns is a dog with fleas :thumbsup

If you see it any other way start looking to invest with them :winkwink:

And the comparision with AFF and Bear Stearns was for total fun just to show you how the business world makes no sense at times :winkwink: