tag:blogger.com,1999:blog-6040514804985110945.post1095998421137819934..comments2023-04-17T08:51:46.225-07:00Comments on Socialized Losses: Morning Pricing: Merrill and Bank of AmericaJPhttp://www.blogger.com/profile/07580679565092491327noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6040514804985110945.post-77268946214270962752008-09-15T12:21:00.000-07:002008-09-15T12:21:00.000-07:00JP is right: Thane was sweating bullets hedging as...JP is right: Thane was sweating bullets hedging as much for the Bloomberg reporter who questioned why BOA stocks were taking a hit. Lewis was just as squirrelly about why they took ML at that Friday price today, KNOWING it could only go down.. <BR/><BR/>It all stinks, but rightly BOA figures that SOOOO much shit is coming down the pike that it will be able to slip its minor (in comparison) shit under tha radar.ProblemWithCaringhttps://www.blogger.com/profile/08095117977468663616noreply@blogger.comtag:blogger.com,1999:blog-6040514804985110945.post-35600540671567469042008-09-15T09:09:00.000-07:002008-09-15T09:09:00.000-07:00There's no financing risk as the transaction is al...There's no financing risk as the transaction is all stock. So, I think JP has it right. What we are looking at here is deal risk being priced in.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6040514804985110945.post-82386611807970243782008-09-15T08:19:00.000-07:002008-09-15T08:19:00.000-07:00bank of america's down because the deal will go th...<I>bank of america's down because the deal will go through</I><BR/><BR/>You need to look up arbitrage. Then comment.<BR/><BR/>It does not matter whether BAC is up or down. It matters what MER does relative to BAC.<BR/><BR/>If the deal goes thru, every MER share is worth 0.8595 of the CURRENT BAC value.<BR/><BR/>And right now, that equivalence isn't there.JPhttps://www.blogger.com/profile/07580679565092491327noreply@blogger.comtag:blogger.com,1999:blog-6040514804985110945.post-39047917921984086352008-09-15T07:58:00.000-07:002008-09-15T07:58:00.000-07:00disagree -- bank of america's down because the dea...disagree -- bank of america's down because the deal will go through -- it's normal for a buyer's stock to go down -- you shoot off your mouth without knowing what you're talking aboutAnonymousnoreply@blogger.com