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

9 comments:

  1. 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. Yo.

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

    ReplyDelete
  3. 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. 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
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    ReplyDelete
  6. $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. 栢文大大的阿里巴巴預言, 今日應驗.
    跌穿了招股價.

    ReplyDelete
  8. BUT PAKMAN'S PREDICTION ON 135 WILL NEVER OCCUR

    ReplyDelete
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