Monday, March 17, 2008

Buy low, sell high

I'm told Bruce Sherman owned about 5.5 million shares of Bear Stearns stock as of the last report at year-end.

Don't know what he paid. It was $170 per share in January 2007, had a 52-week high of $159.36 and was $30 last week.

J.P. Morgan paid $2.

1 comment:

  1. Anonymous6:46 AM

    Funny. I am seriously thinking about scooping up some MNI stock. Not yet, I think... perhaps later in the year, or when the economy starts to level off.

    I think the days of $50/share for MNI are gone forever, but if I can get some at $4...