Bear Sterns.. sold for $2 a share…
March 17, 2008 – 1:08 pmMy favorite quote in regards to the final price for JPMorganChase’s purchase of Bear Sterns from the WSJ Online:
“I’ve got to think we can get more in a liquidation, I’m not selling my shares, this price is dramatically less than the book value Alan Schwartz told us the company is worth,” said a midlevel Bear Stearns executive. “The building is worth $8 a share.”
