Mmmmmmmmmm.....Bear Steak!
I have heard Buffett only buys, never sells. So his valuation is based on long term, not short term market fluctuations.
For him to be interested, he must feel the market has punished Bear more than justified, for their recent difficulties.
After giving $1 billion to the democRAT Gates Family Foundation to “dispose of it better than he can”, what’s a few more billion to the democRAT Buffet. Just have to ask myself what’s his angle.
Gee, if Buffett were really thinking about this, I’m sure Mr. “I hate derivatives and I don’t understand them and I don’t want to have anything to do with them” would release the info to the NY Times, ummm, let’s say about 1/2 hour before the trading day closed, so that his cost would rise 7-8%. Sounds about right, eh? And I guess he’d also do this to the one specific company most immersed in not-yet-marked-to-market and impossible-to-mark-to-market subprime issues...because he doesn’t give a rat’s patootie about valuations, does he?
BSC needs to get its stock pumped up for the end of the quarter and releases a rumor. Period. That’s a 100x more likely explanation in my humble opinion. They did this to HOV about 2-3 weeks ago, releasaed a rumor that WB was interested in buying HOV out. Yeah, sure.
As I suspected, this story has been completely debunked. Another one-day Wall St stock-pump wonder.