My biggest concern is that while he has improved governance, that hasn't translated to improved earnings or growth, or a higher share price.
More Quotes from Ralph Cole:
I think Prince is very sincere. He would like to wipe all the slates clean and not have this happen anymore, but I don't know if he can guarantee that in an organization of this size.Ralph Cole
Bear Stearns has been well run but undervalued for some time. They are best known for their fixed income business, and people are waiting for that to slow down as rates rise.
Ralph Cole
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