EC NEWELL MAN wrote:
Well Jack, if you bought BSC on Monday, I would like you to lend me that crystal ball you are using since everyone was fearing Lehman was next to topple, and BSC being worth as much as most party boats these days....and Goldman wasn't looking to hot either. That takes some brass jewels to drop money into that one with the reports coming out the next day!
When there is blood in the streets, its time to go shopping
Crystal ball was easy, gov backed the paper, limited risk to Lehman.
Look at BSC hard assets (realestate, leases,equipment,etc)
minus cost of liquidation and employee termination costs,
and it comes out to around $7-8 a share.
I didn't buy in on Monday morning,
watched and waited until lunch time to see what the boys had planned for it,
then during that lunch time lull, I took my positions.
When they came back with full bellies,
and feeling a little better about life,
they went to work moving the stock
I posted this about 2 years ago on NE.
I said if you wanted to know the price of gas into the future,
then take the last digit of the year and minus 3.
That will give you the approx cost of gasoline per gallon (on land).
Will be that way until 2010, then a slight drop,
before we surge back up again.