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Blogs about BSC

Blogs	Description	Date Updated
Third Avenue's Marty Whitman Takes on Short Sellers	So, yesterday Doug Kass defended short sellers and today Martin Whitman of the Third Avenue Value Fund (TAVFX), take them apart. Now, I do not have decades of investing experience but I do not remember a time where there was such clear and intense battle lines drawn. MBIA (MBI) & Ambac (ABK) are at the epicenter of this battle. Whitman writes:"In management’s letter last quarter, it was observed that short sellers and bear raiders have never been more powerful. TAVF operates differently from s...	August 22, 2008
Dan Loeb of Third Point Q2 Letter & More on the SEC	The SEC is ridiculous. When it comes to financials like Citi (C), Fannie (FNM), Freddie (FRE), Bear Sterns (BSC), Merrill Lynch (MER), Lehman (LEH) and Morgan Stanley (MS), the only people telling the truth are the shorts like Ackman, Einhorn, Loeb and Tilson. Why isn't the management being investigated? Virtually every public statement they have made had in the end has been erroneous and the shorts, who have been right, are being called "rumor mongers". If it is true, is it a rumor? Is this li...	August 20, 2008
Fuld Done? What's Taking So Long?	CNBC go around to addressing why Lehman (LEH) CEO Dick Fuld still has a job. Lehman is dumping assets faster than deck chair off the Titanic and CEO Fuld still has a job. How????He hung CFO Erin Callan out to dry instead focusing his time and energy on blaming short sellers for Lehman's plight. Those short sellers it has to be noted seemed to have had a better grip on his company's financials a year ago that Fuld did or even seems to now.Video:It is only a matter of time before Fuld in merciless...	August 19, 2008
Ben Graham meets the Exchange Traded Note	Exchange traded notes (ETN) are a fairly new investment product that share some characteristics of exchange-traded funds, or ETFs. They are simply direct debt obligations issued by a bank or investment firm rather than an interest in a pool of securities that define an ETF.A bank simply issues a note and promises to pay the holder whatever the total return of an index is over the maturity of the note, less a management fee. The bank may or may not use the cash to invest in the index...it matters...	August 18, 2008
When Wall Street gets bloody, the tough make cupcakes	Filed under: Bear Stearns Cos (BSC), RecessionBloomberg News reports that Wall Street layoffs are putting blood on the streets. But those Wall Street vets have turned those layoffs into new careers -- one Harvard economics grad who formerly worked for Bear Stearns has started a business making cupcakes. That's because, as Bloomberg reports, Michael Maloney, who recruits finance professionals for Maloney Inc. in New York, said, "The job market is in the worst, most chaotic state I've ever seen it...	August 15, 2008
New Line of ETNs Pay Homage to Benjamin Graham	Benjamin Graham, the forefather of value investing, is the inspiration for a few exchange traded notes (ETNs) based on his beliefs. The ETNs will seek to track companies with strong, liquid balance sheets, and must trade at a discount to the implied intrinsic value, says the provider, Deutsche Bank. John Spence for MarketWatch explains that Benjamin Graham was a legendary investor who co-authored a famous textbook “Security Analysis” and wrote “The Intelligent Investor.” ...	August 12, 2008
Suspicious options activity raises questions about Bear Stearns collapse	Filed under: Law, Scandals, Bear Stearns Cos (BSC)Rumors have swirled about the rapid collapse of Bear Stearns, with a lot of people -- even some normally credible commentators -- absolutely convinced that the company was a victim of a bear raid and naked short selling, and malicious rumor mongering that led to a run on the bank, sealing the bank's fate.An interesting piece from Bloomberg discusses the suspicious options trading in the stock: on March 11th, someone bought $1.7 million worth of p...	August 11, 2008
Thursday Outlook: Bullish Leanings	What’s it take to be a member of the 'in crowd'? The membership list is being both reduced [Countrywide (CFC) and Bear Stearns (BSC)] and expanded [Freddie (FRE) and Fannie (FNM) have been given temporary membership… sort of like pledging]. Anyway, they get to borrow money from you and me with ultra low interest rates of around 2%. They can exchange crappy mortgage securities as collateral for longer term loans. Who wouldn’t want to trade for free with someone else picking up ...	August 07, 2008
Fortune gets the scoop on Bear's Cayne	Filed under: Management, Newspapers, Magazines, Bear Stearns Cos (BSC)My brother William Cohan's Fortune cover story on Bear Stearns' former CEO Jimmy Cayne has many fascinating tales. (Fortune and BloggingStocks share the same parent -- Time Warner (NYSE: TWX)). I found three to be most interesting. Bear was brought down by Fidelity and Federated Investors - Fortune argues that Bear depended on the market for 'overnight repos' -- loans of a one-day term collateralized by securities -- f...	August 04, 2008
IAU: Gold Weakens in Q2, Still Bests Equities	The price of an ounce of gold fell by $31 last week, yet it was still up more than 11% for the year by Friday. The price of the metal, which peaked in March at $1,033 per ounce after the announcement of the Bear Stearns (BSC) bailout, closed on July 25 down about 10% from the record and off 6% since July 15. That said, it’s been locked in the range of $850 to $990 since that spike—still historically high by almost any standard....	July 30, 2008

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