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Various news sources report that midtown real estate goes for about $1,000 per square foot. At 1.2 million square feet, Bear Stearns’ headquarters on Madison Avenue is worth about $1.2 billion.
Yet shareholders are only getting $240 million.
Which means that either a) there is something seriously upside-down about BS’s balance sheet, or b) there is […] ... Continue reading »
Yet shareholders are only getting $240 million.
Which means that either a) there is something seriously upside-down about BS’s balance sheet, or b) there is […] ... Continue reading »
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