achtung . serious money talk . beware , page-12

Conducting some soul searching on nyse listed companies, and reading further into the 10-k of listed firm Bear Sterns it seems this beast (which I compare to Macquarie Banks ruthless operations in the treasury and commodities, M&A and wealth management business) is tightly held and surely misunderstood.
They make no hiding of the fact that mortgage related securities and CDO's are part of their operations. All in all, pushing the price of the business to record lows in the 90s (closed fri 99.70) is just unacceptable and reflects a non core value of BSC that is undervalued. Again, there may be more pain to come... but this is not a one sided business by any means. They have a ceo who is still governing at age 72 but looking deeper they have an executive team and two aspiring heirs that have lived and breathed Bear Sterns culture most of there lives (one by the name of Spector, has had no other job apart from Bear). A long term hold to those who want to dab into the corporate establishment of the United States in a sector that may continue to take a hammering, but at a time of near record dollar highs (which means more for your money) in the greatest market of them all and despite some critics of the U.S faltering to a mighty Chinese/Indian surge, the U.S will continue to dominate in the years (many) ahead.

It depends on your risk preference of course.