Saturday, March 15, 2008

真係唔知今次邊間銀行出事？

I concluded in my Thursday's piece with respect to the new Federal Reserve measures with the following comment - "真係唔知今次邊間銀行出事。"

Now we all know...



Monday March 10: “Bear Stearns' balance sheet, liquidity and capital remain strong”

Wednesday March 12: “We don't see any pressure on our liquidity, let alone a liquidity crisis. Bear finished fiscal 2007 with $17 billion of cash sitting at the parent company level as a "liquidity cushion". That cushion has been virtually unchanged. We have $17 billion or so excess cash on the balance sheet”

Friday March 14: “...our liquidity position in the last 24 hours had significantly deteriorated.”

Alan D. Schwartz, CEO, Bear Stearns
Posted by at

8 comments:

  1. AnonymousSun Mar 16, 08:22:00 am GMT+8

    i think the PR at bear is doing a terrible job here, but not the worst. the worst will be this:

    let's assume the following:
    "Bear Stearns' balance sheet, liquidity and capital remain strong" = "移花接木"
    "We don't see any pressure on our liquidity....." = not affect by the photos but staying home because 病+發燒

    then imagine what's gonna be like if the CEO at bear held a press con on friday saying that "之前好天真同埋好傻,不過而家已經長大la". and then 100s of bear stockholders stood at the back began and yell "支持你" "支持你" "支持你".

    ReplyDelete
  2. pakmanSun Mar 16, 11:47:00 am GMT+8

    Yo.

    Hard to be worse than those PR moves surrounding the pictures.

    ReplyDelete
  3. UnknownMon Mar 17, 11:09:00 am GMT+8

    Pakman,

    今早聽新聞. 話Bear Stearns 比人收購左. 作價usd2.00

    慘慘慘..........
    上星期四. Bear Stearns 收市usd60.
    上星期五. Bear Stearns 收市usd30.
    今日. 星期一.....usd2.00 only..

    恐怖.

    ReplyDelete
  4. WongchoiMon Mar 17, 12:49:00 pm GMT+8

    恥辱價 US$2.

    即係話, 其實間野如果摺埋分分鐘股東斗零都收唔返. Bear Stearns 個名仲值兩蚊.

    睇怕, 減幾多息都搞唔掂. 政府頂左佢算把啦.

    ReplyDelete
  5. AnonymousMon Mar 17, 07:12:00 pm GMT+8

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    ReplyDelete
  6. AnonymousMon Mar 17, 07:40:00 pm GMT+8

    $2!? this reminds me back in the 70s there were houses here in canada that were sold at $1 each haha.....

    but why didn't they offer at $1 (象徵式) instead of $2? to demonstrate their sincerity? cuz that doesn't really make too much of a difference when compare to the 30-something dollar/share on friday's close.

    ReplyDelete
  7. WongchoiTue Mar 18, 05:56:00 pm GMT+8

    栢文大大的阿里巴巴預言, 今日應驗.
    跌穿了招股價.

    ReplyDelete
  8. AnonymousFri Mar 21, 03:26:00 pm GMT+8

    BUT PAKMAN'S PREDICTION ON 135 WILL NEVER OCCUR

    ReplyDelete

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