What a shocking deal. Bear’s share went down from ~$170 (market cap of ~$20B) a year ago to ~$30 (market cap of ~$3.5B) last Friday and now finally sold to JP Morgan for only $2/share. [#4336396@0 -ROLIA.NET 相约加拿大网上社区 之 枫下论坛 & 枫下部落, 枫下论坛主坛 ]
What a shocking deal. Bear’s share went down from ~$170 (market cap of ~$20B) a year ago to ~$30 (market cap of ~$3.5B) last Friday and now finally sold to JP Morgan for only $2/share.
by
specialday
(Joyce)
at
2008.3.17 12:18
(#4336396@0)
It is quiet scary to see such a large investment bank evaporated almost overnight.
One thing for sure if that many people will lose their jobs after this combination. Would other firms in the industry face similar problems / issues, maybe, but who knows…..will see.....