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Notes from the Margin (Calls) of a Cataclysm
02:15 PM Mar 17, 2008
On April 5, 2004, e-CRM toolmaker Kintera peaked at $17.73 a share. On that date, Bear Stearns' high was $87.53 -- a little less than five times Kintera's value per share. At any point in the intervening four years, Kintera shareholders would have been overjoyed to trade at one-fifth Bear Stearns. Today, they got there. Current valuations: Kintera $0.66 Bear Stearns: $3.82 ??? Profit!
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