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To: If only I'd held who wrote (3166)7/26/2000 1:12:17 PM
From: The Other Analyst  Respond to of 3326
 
I was thinking about where Bear ranked in the analysis that Barron's published, based on Ben Holmes' data for IPO aftermarket performance. Baron Chase Securities won hands down for worst after market performance, but Bear was in the group that did relatively well. Of course their rankings reflect the fundamentals of the companies up to 180 days after the IPO. So well past the initial period when the underwriters can support a deal if they choose to. But the Bear has a well-deserved reputation for being very short-term, trading-oriented, and not the kind of firm that would support a weak deal in the aftermarket. There are some far worse firms out there than Bear.