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How much did YOU lose in the stock market?

How much did YOU lose in the stock market?

Old Mar 17th 2008, 5:04 pm
  #1  
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Default How much did YOU lose in the stock market?



March 17 (Bloomberg) -- Joseph Lewis, the billionaire investor who bought 9.4 percent of Bear Stearns Cos. last year, lost $1.16 billion on his stake after JPMorgan Chase & Co. agreed to buy the securities firm for $2 a share.

Lewis, the New York-based firm's second-largest holder, paid an average of about $107 apiece for 11 million shares, according to a filing submitted last year to the Securities and Exchange Commission. The stake has plunged 98 percent in value since the purchases.

Last edited by The Dean; Mar 17th 2008 at 5:06 pm. Reason: paragraphologisation
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Old Mar 17th 2008, 5:43 pm
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Default Re: How much did YOU lose in the stock market?

Originally Posted by The Dean View Post


March 17 (Bloomberg) -- Joseph Lewis, the billionaire investor who bought 9.4 percent of Bear Stearns Cos. last year, lost $1.16 billion on his stake after JPMorgan Chase & Co. agreed to buy the securities firm for $2 a share.

Lewis, the New York-based firm's second-largest holder, paid an average of about $107 apiece for 11 million shares, according to a filing submitted last year to the Securities and Exchange Commission. The stake has plunged 98 percent in value since the purchases.
Well,look at the bright side; he still has about USD22 Million to play with in Monaco...
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Old Mar 17th 2008, 5:56 pm
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Default Re: How much did YOU lose in the stock market?

Originally Posted by Confucius View Post
Well,look at the bright side; he still has about USD22 Million to play with in Monaco...
True...........

.......... not to mention the remaining billions he has in other investments.......
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Old Mar 18th 2008, 3:54 am
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Default Re: How much did YOU lose in the stock market?

Originally Posted by The Dean View Post


March 17 (Bloomberg) -- Joseph Lewis, the billionaire investor who bought 9.4 percent of Bear Stearns Cos. last year, lost $1.16 billion on his stake after JPMorgan Chase & Co. agreed to buy the securities firm for $2 a share.

Lewis, the New York-based firm's second-largest holder, paid an average of about $107 apiece for 11 million shares, according to a filing submitted last year to the Securities and Exchange Commission. The stake has plunged 98 percent in value since the purchases.
And the best thing of all is the man who bankrolls Tottenham Hotspur......so with a bit of luck....... they will go bankrupt !!!
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