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$9.33 0.00 (0.00%)
5/30/2008 4:01 PM

The Bear Stearns Companies, Inc. (BSC.DL)

CAPS Rating:
No stars

Holding company that, through its subsidiaries, engages in investment banking, securities and derivatives trading, and clearance and brokerage operations. Company serves corporations, governments, institutional and individual investors worldwide.

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Avatar GS751 (96.22) Submitted: 1/28/08 10:45 AM : Underperform Start Price: $87.69 BSC.DL Score: 91.32

Bear Stearns has a Level 3 assets worth $27 billion, investments in SIVs of $41 billion, and off balance sheet SIVs of $21.3 billion. I believe they have understated the severity of the implications of thier real estate exposure. They are lacking clarity in recent financial statements. Oh yeah they are left with the possibility of a criminal indictment (no Wall Street firm has ever survived a criminal indictment). Bear stearns is going to be the star of the bears......

Disclosure. the author of this owns puts on Bear Stearns.

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Avatar Capsperson (99.03) Submitted: 3/13/08 11:36 AM

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Your timing was perfect!

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Avatar GertyCapital (95.69) Submitted: 3/14/08 11:53 PM

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I hope you still own those puts

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Avatar GS751 (96.22) Submitted: 3/16/08 1:35 AM

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Cashed out of most on Friday. But yes they were very lucrative.

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Avatar monksnake (< 20) Submitted: 3/17/08 4:02 AM

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Very good call.

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