AJ's Profile
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Entry: What To Do If You Have (Or Is It Had?) A Summer Internship At Bear Stearns
posted by AJ
Mar 19, 2008 4:59PM
@4:11: do you seriously think any bank is hiring anywhere near 80% of its interns this year/next year? Maybe over the past few years that many were getting offers but now, no one will.
Plus, with the number of analysts being let go all over the place, do I want to extend an offer to an intern or hire an experienced analyst for slightly more? That's even assuming places will be hiring.
Goodluck with the added competition...
Entry: What To Do If You Have (Or Is It Had?) A Summer Internship At Bear Stearns
posted by AJ
Mar 19, 2008 10:50AM
@10:40: if you ignore wharton...
Entry: What To Do If You Have (Or Is It Had?) A Summer Internship At Bear Stearns
posted by AJ
Mar 19, 2008 9:53AM
I'm sorry, a powerful internship? Sorry, I've just become cold and bitter...
Entry: Think About The Kids
posted by AJ
Mar 18, 2008 3:36PM
Why would a bondholder vote against the deal? They get full recovery if JPM buys Bear. I doubt they get full recovery if Bear liquidates...
Entry: Opening Bell: 3.18.08
posted by AJ
Mar 18, 2008 9:27AM
The building purchase option staying with JPM even if the deal isn't completed is ingenious. Who's going to put in a higher bid if JPM can buy the building out from under them?
Also, the baht was in the mid-40s last time I was in Thailand. Stupid weak dollar.
Entry: Opening Bell: 3.18.08
posted by AJ
Mar 18, 2008 9:05AM
So, just to bring up something other than Bear, if the fed cuts rates by 100 bps, the dollar hits what? $1.75 per euro? $2.50 per pound? 75 yen?
Entry: Write-Offs: 03.17.08
posted by AJ
Mar 18, 2008 1:19AM
This whole thing is really worth reading:
http://online.wsj.com/article/SB120580966534444395.html?mod=hpp_us_inside_today
Entry: Write-Offs: 03.17.08
posted by AJ
Mar 17, 2008 6:21PM
Also, they've posted the merger (47 pages) and guaranty (5 pages) agreements...
Entry: Write-Offs: 03.17.08
posted by AJ
Mar 17, 2008 6:19PM
LOL, Bear finally posted a press release about being acquired by JPM late this afternoon. The press release is identical to JPM's and even mentions that they will hold a conference call... Sunday night...
Apparently BSC has already fired there IT people...
Entry: Lehman Under "Domino Theory" Pressure
posted by AJ
Mar 17, 2008 2:21PM
I can take one bank collapse this month. I don't know if I can take Lehman disappearing too. Plus we actually use them on stuff so that'd be annoying. There energy group is fairly decent.
On a related note, CIT is down 30+%...
Entry: Does Bear Stearns Own 383 Madison?
posted by AJ
Mar 17, 2008 8:54AM
Is the lease agreement an exhibit to the 10k that they filed at some point?
Entry: Live-Blogging The JP Morgan Chase Bear Stearns Conference Call
posted by AJ
Mar 16, 2008 9:30PM
Yeah, I like that Bear hasn't said anything. Their website says they won't be announcing Q1 earnings anymore tomorrow so no questions then...
Entry: Live-Blogging The JP Morgan Chase Bear Stearns Conference Call
posted by AJ
Mar 16, 2008 9:06PM
I don't think JPM has all that much risk from Bear trying to shore itself up then pulling out of the deal. All JPM has to do is announce that they were considering not guaranteeing Bear's transactions and the house of cards would collapse. Dimon's going to have to ram this shareholder vote through really fast though...
Entry: Live-Blogging The JP Morgan Chase Bear Stearns Conference Call
posted by AJ
Mar 16, 2008 8:43PM
RB - Dimon's not an idiot... And actually, I wonder how much he cares since the Fed's backstopping everything
Entry: Live-Blogging The JP Morgan Chase Bear Stearns Conference Call
posted by AJ
Mar 16, 2008 8:36PM
Hah! The building question! Love it
CS research headline: JPM values Bear Stearns business at negative $750 million
Entry: Live-Blogging The JP Morgan Chase Bear Stearns Conference Call
posted by AJ
Mar 16, 2008 8:31PM
the individual investor = amazing
someone needs to screen these calls
that was hilarious
Entry: Bear Stearns: News, Rumors, Facts, Liquidation, Acquisition, Life & Death
posted by AJ
Mar 16, 2008 7:58PM
They usually won't screen on the call either, unless you try to ask a question
Entry: Bear Stearns: News, Rumors, Facts, Liquidation, Acquisition, Life & Death
posted by AJ
Mar 16, 2008 7:41PM
Conference call should be fun!
Entry: What To Do If You Have (Or Is It Had?) A Summer Internship At Bear Stearns
posted by AJ
Mar 19, 2008 5:21PM
@515: You'll definitely have a leg up on the other people looking for full time offers, even if JPM f's you and doesn't hire you... the internship definitely helps versus not having it...