DTT Buzz
Exclusive Market Analysis, Alerts and Commentary from the DaytradeTeam trading staff
Monday, March 17, 2008
JP Morgan Chase & Co Buys The Bear Sterns Companies
JP Morgan Chase & Co (NYSE: JPM) announced they are buying The Bear Sterns Companies (NYSE: BSC).
The price per share? $2!
The end result? The majority of BSC employees will not only be out of a job, their investments in BSC are nearly worthless...a severe blow to their net worth. Any Bear Sterns investors will take a substantial loss. JPM takes on some seriously risky debt, but the reward could be substantial.
What are your thoughts? Did JPM get a good deal, or are they digging themselves into a deeper hole?
The price per share? $2!
The end result? The majority of BSC employees will not only be out of a job, their investments in BSC are nearly worthless...a severe blow to their net worth. Any Bear Sterns investors will take a substantial loss. JPM takes on some seriously risky debt, but the reward could be substantial.
What are your thoughts? Did JPM get a good deal, or are they digging themselves into a deeper hole?
Syndicate Site
