Bear Stearns: Now Trading Below Book Value

Bear Stearns is being clobbered today, down more than 5% to just $79 per share. And it’s passed a major milestone, too. Here’s its fourth-quarter earnings report:

Book value on November 30, 2007 was $84.09 per share, based on 136.2 million shares outstanding.

Next milestone to fall: at $73.41 per share, Bear will be worth less than $10 billion. Another day like today, and it’ll be almost there.


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