Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: nicmarlo; groanup
Last year CalPERS shares invested in Bear Stearns were worth $180 million. At the $2 buyout price, they’re now worth a paltry $1 million.

Hmmmm......$1 million worth of stock at $2 a share would be 500,000 shares. If those 500,000 shares were worth $180 million last year, the stock must have hit $360 a share.

Too bad the highest it ever reached was a little less than $173.


259 posted on 03/31/2008 9:13:11 PM PDT by Toddsterpatriot (Why are doom and gloomers (and liberals) so bad at math?)
[ Post Reply | Private Reply | To 257 | View Replies ]


To: Toddsterpatriot; nicmarlo

I must admit, I’m no longer getting this . . . has nic gone into “full kitchen sink mode,” or something else? There was a FReeper, who passed, who would flood a thread with text in order to “dilute” his earlier inconsistencies. I’m wondering if our friend is trying to do the same thing.


260 posted on 04/01/2008 4:04:49 AM PDT by 1rudeboy
[ Post Reply | Private Reply | To 259 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson