I have a general distaste for Bear Stearns. The company sold itself down the river. Gutting its core business over the past several years in an attempt to make profits from the housing and credit markets.
They do have a new leader now though. My first impression of him wasn't very positive, guy seemed like he had notes of buzzwords written on his palm.
Bear seems though to be slightly undervalued right now, making it an attractive investment and a potential take-over target. But the question I have is how much longer will Bears misadventures conitue to bring it down. Will it recover in a descent amount of time or will it as I'm afraid be brought down much lower as a result of lousey internal culture and biases.
I'm going to wait a few more months. I just thought you might like to know.
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