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Non-Tech : Bear Stearns Co's (NYSE:BSC)
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To: Terry Maynard who wrote (4)2/28/2000 10:36:00 PM
From: blankmind   of 11
 
- Heck yeah, I think BSC is way undervalued.

- BSC made $245 mill for qtr ending 12/31/99; or close to $1 bill annualized

- with a market cap of only $7.4 bill (185 mill shs X $40/sh), BSC could buy back all its shares in 7.4 years

- But given Bear's book value, of like $25 or $30, they could even do it more quickly

- with the buyback; great earnings, etc... I just can't see the stock staying below $70; let alone under $40, much longer. Who knows?
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